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2019 (5) TMI 880 - Tri - Companies LawRestoration of name of an assessee company in the Register of ROC, Gujarat, Ahmedabad - case of escapement of income - HELD THAT:- In the present matter, it is undisputed position in the matter that the income tax department has already taken a conscious/ administrative decision against the Respondent No. 2 company on alleged escapement of income from assessment during the relevant financial year, hence, its name ought not to be removed in the light of above stated proviso - Hence, by considering the public interest involved in the present matter and also to protect adequately the interest of the Revenue/ Central Government, the name of the respondent company requires to be restored in the statutory register being maintained by the ROC so as to enable the appellant (Income Tax Department) as well as other Regulatory Authorities to proceed further in respect of its legal action against the assessee company as per rule and in accordance with the law. It would be just and proper to restore the name of the company M/s. Blue Eye Infotech Pvt. Ltd. In the register maintained by the Registrar of Companies, Ahmedabad so as to enable the Income Tax Department to initiate or to proceed with its statutory action/ proceedings in respect of the assessee company - appeal allowed.
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