https://www.taxtmi.com/caselaws?id=97720 Question whether company and officers should be excused from defaults in complying with statutory accounts and annual return where company books were seized; Court applied the Companies Act power to relieve from liability when circumstances justify relief and recognised that seizure made full statutory compliance impossible. The Court held that adaptation of the annual return form is permitted where full compliance cannot be achieved and therefore granted relief from liability, subject to the condition that the company files within two months statements of income and expenditure and receipts and payments based on maintained accounts and files particulars required by the annual return as nearly as possible. en-us Fri, 18 Mar 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97720 Question whether company and officers should be excused from defaults in complying with statutory accounts and annual return where company books were seized; Court applied the Companies Act power to relieve from liability when circumstances justify relief and recognised that seizure made full statutory compliance impossible. The Court held that adaptation of the annual return form is permitted where full compliance cannot be achieved and therefore granted relief from liability, subject to the condition that the company files within two months statements of income and expenditure and receipts and payments based on maintained accounts and files particulars required by the annual return as nearly as possible. Case-Laws Companies Law Fri, 18 Mar 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97720