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

1993. Aggrieved by the order of the CIT (A) the Department filed an appeal bearing
NoITA-1406/M/97 to ITAT against the relief granted by CIT(A).
Assessment Year 1990-91
Ivory Properties And Hotels Pvt. Ltd.
The company filed an appeal bearing CIT(A)XL/SR.30/33/92-93 before the CIT (A)
against the assessment order made by the AO. The CIT(A) granted relief in respect of
disallowance of expenditure of Rs.21,000/- and 45,108/- incurred on plant and machinery
and disallowance of interest of Rs.7,362/- through an order dated November 20 1992.
The Department then filed an appeal bearing ITAT No.5802/M/94 before the ITAT .
Assessment Year 1991-92
K. Raheja Pvt. Ltd.
The company filed an appeal bearing no CIT(A)-XL/DCSR/30/28/94-95 before the CIT
(A) against the assessment order made by the A.O. The CIT(A) allowed the relief in
respect of disallowance of finance cost Rs.50,82,009/- relating to incomplete projects and
also deleted the addition on account of disallowance of interest of Rs.2,26,121/-. through
an order dated April 18 1994. The Department then filed an appeal bearing No ITA-
2523/M/97 before the ITAT.
Assessment Year 1991-92
Ivory Properties And Hotels Pvt.Ltd.
The company filed an appeal bearing no CIT(A)-XL/DCSR-30/171/93-94 before the CIT
(A) against the assessment order made by the A.O. The CIT(A) granted relief by deleting
the disallowance of expenditure of Rs.24,150/- incurred on repairs of the building and
maintenance of plant and machinery and interest of Rs.51,332/- which was capitalized to
stock in trade. CIT (A) further deleted interest of Rs.36,043/- paid on borrowing to its
group concern. through an order dated January 28 1994. The Department then filed an
appeal bearing No ITA-6618/M/96 before the ITAT
Assessment Year 1992-93
K. Raheja Pvt.Ltd
The company filed an appeal bearing no CITAC-II/AP-64/95-96 before the CIT (A) against
the assessment order made by the A.O. The CIT (A) erred in allowing the interest of
Rs.1,36,598 on account of expenses incurred on behalf of sister concern and further
allowed deduction for finance cost of Rs.13,08,253/- as period cost relating to incomplete
project. The CIT(A) allowed the appeal in favour of the company through order dated April
24 1995. The Department then filed an appeal bearing No ITA4279-M/98 before the ITAT.
Assessment Year 1993-94
K. Raheja Pvt. Ltd
The company filed an appeal bearing no CIT(A) C-II /AP/39/96-97 before the CIT (A)
against the assessment order made by the A.O. The CIT(A) allowed relief in respect of
interest of Rs.6,05,488 which was treated as capital investment by A.O, and further
allowed interest of Rs.1,89,519/- on expenses incurred on behalf of sister concern
through order dated April 22 1996. The Department then filed an appeal bearing No
ITA4280/M/98 before the ITAT .
Assessment Year 1993-94
Ivory Properties & Hotels Pvt. Ltd.
The company filed an appeal bearing no CIT(A) C-II AP-65/96-97 before the CIT (A)
against the assessment order made by the A.O. The CIT(A) allowed relief in respect of
interest disallowance of Rs.6,84,637 attributable to investment made in the projects
through order dated April 25 1996. The Department then filed an appeal bearing No ITA
416/M/98 before the ITAT .
Assessment Year 1994-95
K.Raheja Corp Pvt. Ltd.
The company filed an appeal bearing No CIT(A)XLII/JC.SR.6/98/00-01 before the CIT (A)
against the assessment order made by the A.O. The CIT(A) allowed relief in respect of
disallowance interest of Rs.93,800/- on share application money of Rs.5,00,000/- and
allowed deduction for interest of Rs.31,09,987/- on interest free loans advanced to sister
concerns through order dated April 5 2001. The Department then filed an appeal bearing
No ITA 4748/M/2001 before the ITAT.
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