The Assistant Commissioner Of Income Tax Circle 3 (1)(1) Mumbai vs. Elan Capital Advisors Private Limited

TTEM NO $16+65$

COURT NO.13

SECTION IX

SUPREME COURT OF INDIA RECORD OF PROCEEDINGS

SPECIAL LEAVE PETITION (CIVIL) Diary No.12215/2025

[Arising out of impugned final judgment and order dated 06-03-2024 in WP No. 1773/2023 passed by the High Court of Judicature at Bombay]

ASSISTANT/DEPUTY COMMISSIONER OF INCOME TAX & ORS. Petitioner(s)

VERSUS

SADDLE ROCK HOLDINGS LIMITED

Respondent(s)

(IA No. 75166/2025 - CONDONATION OF DELAY IN FILING SLP)

WITH

Diary No.57410/2024 (IX) (IA No. 74471/2025 - CONDONATION OF DELAY IN FILING SLP & IA No. 74472/2025 - CONDONATION OF DELAY IN REFILING SLP) Diary No.13497/2025 (IX) (IA No. 76768/2025 - CONDONATION OF DELAY IN FILING SLP) Diary No.5683/2025 (IX) (IA No. 76656/2025 - CONDONATION OF DELAY IN FILING SLP & IA No. 76658/2025 - CONDONATION OF DELAY IN REFILING SLP) Diary No.12219/2025 (IX) (FOR ADMISSION and I.R.) (IA No. 79063/2025 - CONDONATION OF DELAY IN FILING SLP) Diary No.7703/2025 (IX) (IA No. 78580/2025 - CONDONATION OF DELAY IN FILING SLP) Diary No.12271/2025 (IX) (FOR ADMISSION and I.R.) (IA No. 79204/2025 - CONDONATION OF DELAY IN FILING SLP) SPECIAL LEAVE PETITION (CIVIL) Diary No.12359/2025 (IA No. 81687/2025 - CONDONATION OF DELAY IN FILING SLP) WITH Diary No.3340/2025 (IX) (FOR ADMISSION and I.R.) (IA No. 56616/2025 - CONDONATION OF DELAY IN FILING SLP) Date: 04-04-2025 These matters were called on for hearing today. CORAM : ignature Not Verified HON'BLE MR. JUSTICE J.B. PARDIWALA HON'BLE MR. JUSTICE R. MAHADEVAN $2:53$ For Petitioner(s) :

Mrs. Pankhuri Srivastava, Adv. Mr. Raj Bahadur Yadav, AOR Mr. Chinmayee Chandra, Adv.

Mr. Venkatraman Chandrashekhra Bharathi, Adv. Mr. Rajesh Singh Chouhan, Adv. For Respondent(s) : Mrs. Vanita Bhargava, Adv. Mr. Ajay Bhargava, Adv. Ms. Nandita Chauhan, Adv. Ms. Tijil Thakur, Adv. For M/s.Khaitan & Co., AOR

UPON hearing the counsel the Court made the following O R D E R

1. Delay condoned.

2. These Special Leave Petitions are squarely covered by the Judgment of this Court rendered on 3-10-2024 in "Union of India & Ors. vs. Rajeev Bansal" (Civil Appeal No.8629/2024 etc.) 2024 (11) Scale 473.

3. In view of the above, the Special Leave Petitions filed by the Revenue are disposed of. The assessees will be governed by reasons discussed in the said Judgment.

4. The assessing officers will dispose of the objections in terms of the law laid down by this Court. Thereafter, the assessees who are aggrieved will be at liberty to pursue all the rights and remedies in accordance with law, save and except for the issues which have been concluded in the Judgment.

5. Pending applications, if any, shall also stand disposed of.

(VISHAL ANAND) (POOJA SHARMA) ASTT. REGISTRAR-cum-PS COURT MASTER (NSH)