Shopper's Stop Limited - Securities and Exchange Board of India

ASSESSMENT YEAR -1997-98
K. Raheja Corp Pvt. Ltd. (formerly Paramount Hotels Limited)
The company’s Return of Income was assessed under section 143(3) of the Income Tax
Act,1961.
The A.O disallowed interest of Rs.49,45,000/- relating to amount borrowed for investment
in shares. The deduction for interest was also not allowed u/s.57 since the dividend was
exempt in that year. The company filed an appeal (bearing No CIT(A)XLII/JC-
SR.30/265/99-2000). CIT(A) rejected the company's appeal.
The company has further appealed against the order of the CIT(A) with ITAT.
ASSESSMENT YEAR 1997-98
Ivory Properties And Hotels Pvt. Ltd.,
The company’s Return was assessed under section 143(3) of the Income Tax Act, 1961.
The A.O disallowed finance cost of Rs.2,32,70,779/- treating the same as forming part of
Work-in-Progress in respect of incomplete project. The company filed an appeal (bearing
No appeal ( bearing No CIT(A)C-V/DCCC29/38/99-2000) against the said disallowance
made by the A.O. .
The said Appeal was rejected by the CIT(A).The company has appealed to ITAT against
the Order of the CIT(A).
ASSESSMENT YEAR - 1998-99
Anbee Constructions Pvt. Ltd.,
The company’s Return was assessed under section 143(3) of the Income Tax Act, 1961.
The A.O. disallowed Interest of Rs.4,37,371/- relating to investment in shares. The
company filed an appeal (bearing No CIT(A)XLII/SR./IT.101/2000-01 ) to CIT (A) and
CIT(A) rejected the company's appeal.
The company has appealed to ITAT against the Order of the CIT(A).
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