Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The HC held that the Registrar of Companies (ROC) failed to follow proper procedure under the second proviso to Section 252 of Companies Act, 2013 for reviving a struck-off company. The provision requires the ROC to file an application before the NCLT within three years from the dissolution order if a company was struck off inadvertently or based on incorrect information. In this case, the ROC neither filed such application nor acted within the three-year period from the January 11, 2016 dissolution order. Consequently, the revival of the company was deemed improper, and the court directed the ROC to strike off the company's name from the Register of Companies and take all necessary legal steps. Petition allowed.
The HC held that the Registrar of Companies (ROC) failed to follow proper procedure under the second proviso to Section 252 of Companies Act, 2013 for reviving a struck-off company. The provision requires the ROC to file an application before the NCLT within three years from the dissolution order if a company was struck off inadvertently or based on incorrect information. In this case, the ROC neither filed such application nor acted within the three-year period from the January 11, 2016 dissolution order. Consequently, the revival of the company was deemed improper, and the court directed the ROC to strike off the company's name from the Register of Companies and take all necessary legal steps. Petition allowed.
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TaxTMI 
TaxTMI 
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