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

ASSESSMENT YEAR 1995-96
R & M Trust
The trust has filed an appeal to the Income Tax Appellate Tribunal against the order of
Commissioner of Income-tax (Appeals) – III, Bangalore sustaining the disallowance of
Rs.23,70,916/- made by the Assessing Officer in his order u/s 143 (3) being the provision
made for expenses to be incurred ( which are not contingent in nature) in respect of the
projects whose income has been recognised and for charging interest of Rs. 13149/- u/s
234C the Income-tax Act, 1961.
The matter is pending.
ASSESSMENT YEAR 1996-97
R & M Trust
The trust has filed an appeal to the Income Tax Appellate Tribunal against the order of
Commissioner of Income-tax (Appeals) – I, Bangalore sustaining the disallowance made
by the Assessing Officer in his order u/s 143 (3) for a sum of Rs.18,00,000/-being the
provision made for expenses to be incurred ( which are not contingent in nature) in
respect of the projects whose income has been recognised and for charging of interest of
Rs 31496/- u/s 234C of the Income-tax Act, 1961.
The matter is pending.
ASSESSMENT YEAR 1997-98
R & M Trust
The trust has filed an appeal to the Income Tax Appellate Tribunal against the order of
Commissioner of Income-tax (Appeals) – I, Bangalore sustaining the disallowance made
by the Assessing Officer in his order u/s 143 (3) for a sum of Rs.70,00,000/-being the
provision made for expenses to be incurred ( which are not contingent in nature) in
respect of the projects whose income has been recognised.
The matter is pending.
ASSESSMENT YEAR 1998-99
R & M Trust
The trust has filed an appeal to the Income Tax Appellate Tribunal against the order of
Commissioner of Income-tax (Appeals) – I, Bangalore sustaining the disallowance made
by the Assessing Officer in his order u/s 143 (3) for a sum of Rs.54,00,000/-being the
provision made for expenses to be incurred ( which are not contingent in nature) in
respect of the projects whose income has been recognised and for charging of interest of
Rs. 20433/- u/s 234C of the Income-tax Act, 1961.
The matter is pending.
ASSESSMENT YEAR 1999-00
R & M Trust
The trust has filed an appeal to the Commissioner of Income-tax (Appeals) – I, Bangalore
against the order u/s 143 (3) of the Assessing Officer -Asstt. Commissioner of Income
Tax Circle 1-(1) , Bangalore making a disallowance of a sum of Rs.55,00,000/-being the
provision made for expenses to be incurred ( which are not contingent in nature) in
respect of the projects whose income has been recognised and for charging of interest of
Rs. 118668/- u/s 234C of the Income-tax Act, 1961.
The matter is pending.
Writ Appeal No.1336/04
Div. Bench of the High Court
Ashoka Apartments Pvt.Ltd. Vs. (1) I.T.
Commissioner (2) Dr.V.A. Ram (3) Mrs. Rama G
Pursuant to the agreement entered into with Dr.V.A. Ram, a statement in form no.37-I,
was filed before the Appropriate authority. The said A.A. ordered pre-emptive purchase of
the property. Subsequently, it was auctioned. Respon.NO.3 namely Mrs. Rama G.
Jadhav was the successful bidder. The possession of the property was also handed over
to her. This Order was challenged before the High Court. Subsequently, in the light of C.B.
Goutam’s case, the case was remanded to A.A. for fresh enquiry. However, once against
the AA Ordered directing pre-emptive purchase of the property. In the W.P. No. 3011/96
this order passed second time is challenged. The High Court on 19.01.2004 disallowed
the W.PNo.3011/96. Aggrieved with this order, Ashoka Apartments Pvt.Ltd., filed Writ
Appeal NO.1336/2004 before the Division Bench of the High Court of Karnataka.
The Matter is yet to be listed for hearing.
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