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

M) Pending Litigations of companies/firms/ventures with which the other ventures in
which K Raheja Corp Group( C, L. Raheja Group) holds in excess of 10% of the
Equity Share Capital/ Interest. are none disclosed.
N) Potential Litigation
VIII. Litigation Pending By And/Or Against our Subsidiaries
By the Subsidiaries
A) Pending Arbitration Proceedings
There are none
B) Litigation Pending – FEMA
There are none
C) Litigation Pending – Income Tax
There are none
D) Litigation Pending - Sales Tax/ Luxury Tax
Assessment Year 2000-01
KR Trends
Karnataka
M/s KR Trends (Division of Upasna Trading Ltd) was provisionally assessed for the
assessment year 2000-01 by the Deputy Commissioner of Commercial Tax (vig)(DCCT),
Bangalore under section 28(6) of the Karnataka Sales Tax Act 1957. The DCCT passed a
Provisional Assessment Order dt. June 3, 2003 and raised a demand of Rs. 1,20,56,335/-
on account of disallowance of Stock transfer. An appeal was filed on June18, 2003, with
the Joint Commissioner of Commercial Taxes (Appeals)Bangalore Division, Karnataka.
The appeal filed against the provisional order was heard by the Joint Commissioner Of
Commercial Taxes (Appeals), Bangalore Division, Karnataka and the order was passed
by him on February 28, 2004, whereby the case was remanded back to jurisdictional
assessing authority for assessment as per the directions given in the order by Joint
Commissioner of Commercial Taxes (Appeals), Bangalore Division, Karnataka
Assessment Year 2001-02
M/s KR Trends (Division of Upasna Trading Ltd) was provisionally assessed for the
assessment year 2001-02 by the Deputy Commissioner of Commercial Tax (vig)(DCCT),
Bangalore under section 28(6) of the Karnataka Sales Tax Act 1957. The DCCT passed a
Provisional Assessment Order dated June 3, 2003 and raised a demand of
Rs.1,07,35,709/-on account of disallowance of Stock transfer . An appeal was filed on
June, 18,2003, with the Joint Commissioner of Commercial Taxes (Appeals)Bangalore
Division, Karnataka. The appeal filed against the provisional order was heard by the
Joint Commissioner Of Commercial Taxes (Appeals), Bangalore Division, Karnataka and
the order was passed by him on February 28, 2004 whereby the case was remanded back
to jurisdictional assessing authority for assessment as per the directions given in the
order by Joint Commissioner of Commercial Taxes (Appeals), Bangalore Division,
Karnataka
Assessment Year 2002-03
M/s KR Trends (Division of Upasna Trading Ltd) was provisionally assessed for the
assessment year 2002-03 by the Deputy Commissioner of Commercial Tax (vig)(DCCT),
Bangalore under section 28(6) of the Karnataka Sales Tax Act 1957. The DCCT passed a
Provisional Assessment Order dated June 3, 2003 and raised a demand Rs.32,00,744/-
on account of disallowance of Stock transfer. An appeal was filed on June, 18, 2003 with
the Joint Commissioner of Commercial Taxes (Appeals)Bangalore Division,.Karnataka.
The appeal filed against the provisional order was heard by the Joint Commissioner Of
Commercial Taxes (Appeals), Bangalore Division, Karnataka and the order was passed
by him on February 28, 2004 whereby the case was remanded back to jurisdictional
assessing authority for assessment as per the directions given in the order by Joint
Commissioner of Commercial Taxes (Appeals), Bangalore Division, Karnataka
The Total Demand of Rs.2,59,92,788/- was raised for the above three year against which
we have deposited Rs. 2,44,96,395/- and provided a Bank Guarantee of Rs. 14,96,393/-.
303