https://www.taxtmi.com/caselaws?id=302528 The Tribunal allowed the appeal against the order striking off the company's name from the register of companies. Despite the company's failure to file financial statements and annual returns, the Tribunal noted the existence of assets and liabilities, including land valued at Rs. 2 crores and pending tax liabilities. The Tribunal found the decision to strike off the company's name unsustainable due to its assets and directed restoration to the register with specified compliances, including payment of costs, tax liabilities, and filing pending returns. The ROC was authorized to take punitive actions for any non-compliance post-restoration. en-us Thu, 12 Dec 2019 00:00:00 +0530 Thu, 02 Jun 2022 08:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302528 The Tribunal allowed the appeal against the order striking off the company's name from the register of companies. Despite the company's failure to file financial statements and annual returns, the Tribunal noted the existence of assets and liabilities, including land valued at Rs. 2 crores and pending tax liabilities. The Tribunal found the decision to strike off the company's name unsustainable due to its assets and directed restoration to the register with specified compliances, including payment of costs, tax liabilities, and filing pending returns. The ROC was authorized to take punitive actions for any non-compliance post-restoration. Case-Laws Companies Law Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302528