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Income-tax Department Recognized as Aggrieved Party u/ss 252(1) and 252(3) for Tax Recovery from Respondent Company.

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....Striking off of the name of the Company, from the Register of Companies - The Income-tax Department is an aggrieved party within the meaning of section 252(1) read with 252(3), as it has to recover taxes payable by Respondent Company and great prejudice will be caused to its revenues, if the name of the Company is not restored back.....

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