2020 (5) TMI 367

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....rang For the Respondent : Yadhubhushana Rao, AROC ORDER L.N. GUPTA, TECHNICAL MEMBER - 1. The present Appeal is preferred by the Income-tax Officer, Ward 22(3), against the striking off of the name of M/s. Mandakini Vacations Pvt. Ltd. ("the Company"), from the Register of Companies. 2. It is stated by the Appellant that the Company is a Private Limited Company incorporated under the erstwhil....

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....the Appellant that the Company had not filed its Income-tax Return for the Assessment Year 2012-13. Therefore, no assessment could made so as to arrive at the correct taxable income. 5. It is stated by the Appellant that a Notice dated 18-3-2019 was issued to the Respondent under section 133(6) of the IT Act for asking the Respondents to submit the details in respect of the Financial transactions....

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....rima facie, there appears tax evasion which requires action in accordance with law". 7. The Appellant contends that in order to recover the taxes on the undisclosed income of the Company & statutory dues and recover the revenue from the transactions of the company, there is a need of restoration of M/s. Mandakini Vacations Pvt. Ltd. in the Register of Companies. 8. That the Respondent No. 2 Comp....