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

s Pvt.
Ltd. And
Others
B) Litigation Pending – FEMA
There are none
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The interim applications
filed by the GL Raheja
Group include
applications for
directions to KRDC for
surrender of tenancy
rights in respect of
premises at Coimbatore
and for directions to the
Menda Group for refund
of the amounts
withdrawn by them.
The interim applications
filed by the CL Raheja
Group include
applications for
directions to KRDC to
return the loan availed
of by it from Raj Trust,
another Southern
Entities of the K. Raheja
Corp Group and for sale
of the office premises of
KRDC to repay its
loans.
The interim applications
filed by the Menda
Group include
applications for
directions to KRDC for
completion of
construction, payment
of stamp duty, income
tax and refund of
contractors deposits.
C) Litigation Pending – Income Tax
Appeals filed by the Income Tax Department before the Income Tax Appellate
Tribunal(ITAT).
Assessment Year 1990-91
K. Raheja Pvt. Limited.
The company filed an appeal bearing No.CIT (A)-XLDCSR-30/113/1993-94 before the
CIT (A) against the disallowance of interest of Rs.5,45,316/- and addition made by the AO
of Rs.22,99,726/- on account of low lease rent charged to sister concerns. The CIT (A)
granted full relief in respect of addition of Rs.22,99,726/- and allowed interest of
Rs.2,34,242/- out of the disallowance of Rs.5,45,316/- through an order dated April 22
It has been
agreed between
the parties that
the evidence will
be restricted to
the issues
pertaining to the
“Southern Group
Concept of K.
Raheja”.
Mr. Neel
Raheja’s affidavit
evidence on
behalf of CL
Raheja Group
has been filed
and he has been
extensively cross
examined by the
GL Raheja
Group.
Mr. Menda’s
affidavit evidence
has also been
filed. His crossexamination
by
the GL Raheja
Group is however
yet to commence.
The said cross
examination and
the final hearing
of the said interim
applications and
the Statement of
Claim on the
aforesaid
restricted issues
(i.e. the Southern
Group Concept”)
will take place in
the week of
September 20,
2004 till
September 24,
2004 and
thereafter in the
week of October
11, 2004 till
October 15,
2004.