https://www.taxtmi.com/caselaws?id=384693 The National Company Law Tribunal dismissed the Revenue's appeal against the order striking off a company's name, citing no tax demand at the time and a director's undertaking to settle future tax demands. The Tribunal found compliance with the Fast Track Exit Scheme, 2011 guidelines for defunct companies and rejected the Revenue's claim for restoration based on lack of evidence of assets or liabilities. It emphasized directors' ongoing liability under the Income Tax Act, refusing to intervene and prompting the Revenue to pursue alternative legal avenues. en-us Tue, 20 Aug 2019 00:00:00 +0530 Wed, 21 Aug 2019 07:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384693 The National Company Law Tribunal dismissed the Revenue's appeal against the order striking off a company's name, citing no tax demand at the time and a director's undertaking to settle future tax demands. The Tribunal found compliance with the Fast Track Exit Scheme, 2011 guidelines for defunct companies and rejected the Revenue's claim for restoration based on lack of evidence of assets or liabilities. It emphasized directors' ongoing liability under the Income Tax Act, refusing to intervene and prompting the Revenue to pursue alternative legal avenues. Case-Laws Companies Law Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384693