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

ASSESSMENT YEAR -1999-00
K. Raheja Corp Pvt. Ltd. (formerly Paramount Hotels Limited)
The company’s Return was assessed under section 143(3) of the Income Tax Act, 1961.
The A.O disallowed 1/10 th preliminary expenditure u/s.35D of Rs.1,01,997/-. The
company filed an appeal (bearing No CIT(A)C-V/DCCC.29/102/2002-03) and CIT(A)
rejected the company's appeal
The company has further appealed against the order of the CIT(A) with ITAT.
ASSESSMENT YEAR 1999-00
K. Raheja 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.43,15,333/- as forming part of WIP in respect of
incomplete project and also disallowed 1/10 th of preliminary expenses u/s.35D of
Rs.93,092/- The company filed appeal against the disallowances. ( bearing No CIT(A)C-
V/DCCC29/103/2002-03)
The Appeal was rejected by the CIT(A).The company has appealed against the Order of
the CIT(A) with ITAT.
ASSESSMENT YEAR 2000-01
K. Raheja 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.43,27,068/- as forming part of WIP in respect of
incomplete project and also disallowed 1/10 th of preliminary expenses u/s.35D of
Rs.93,092/-. The AO also made addition of RS.1,01,74,858/- by disallowing the claim of
interest u/s.36(i)(iii) being interest on investment in shares by applying the provision of
section 14A of Income-tax Act. The company filed appeal bearing No CIT(A)C-
V/DCCC29/50/2003-04 against the disallowances
The Appeal was rejected by the CIT(A).The company has appealed against the Order of
the CIT(A) with ITAT.
ASSESSMENT YEAR – 2001-02.
K. Raheja Corp Pvt. Ltd.
The company’s Return was assessed under section 143(3) of the Income-tax Act, 1961.
The AO disallowed interest of Rs.73,400/- relating to application money for shares and
interest of Rs.14,50,971/- interest free advances made to relatives and directors. Interest
of Rs.1,60,79,663/- was disallowed relating to investment in shares and a sum of
Rs.1,01,997/- was added by disallowing 1/10 th of preliminary expenditure u/s.35D.
The company filed appeal to CIT (A) on 20.04.2004.
ASSESSMENT YEAR – 2001-02.
Anbee Constructions Pvt. Ltd.
The company’s Return was assessed under section 143(3) of the Income-tax Act, 1961.
The AO disallowed interest of Rs.77,15,804/- relating to investment in shares. The
company filed appeal to CIT (A) on 20.04.2004
ASSESSMENT YEAR – 2001-02.
CAPE TRADING PVT. LTD.
The company’s Return was assessed under section 143(3) of the Income-tax Act, 1961.
The AO disallowed interest of Rs.77,20,763/- relating to investment in shares. The
company filed appeal to CIT (A) on 20.04.2004
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