Annual Reports - Indraprastha Gas Limited

9. According to the information and explanations given to us and the records of the Company examined by us:
a. The Company has generally been regular in depositing its undisputed statutory dues including Provident Fund,
Employees’ State Insurance, Income Tax, Sales Tax, Service Tax, Custom Duty, Excise Duty, Cess and other statutory
dues within the prescribed time with the appropriate authorities during the year and there are no undisputed
amounts payable in respect of these dues which have remained outstanding as at 31 March, 2009 for a period of
more than six months from the date they became payable. We are informed that the Company’s operations, during
the year, did not give rise to any liability for Investor Education and Protection Fund and Wealth Tax.
b. According to the information and explanations given to us, the dues of Income Tax and Trade Tax, which have not
been deposited by the Company on account of various disputes are as follows:
Name of Nature Amount Amount Period to Forum where
Statute of Dues Demanded Paid under which the the dispute
(Rs.) protest amount is pending
(Rs.) relates
Income Tax Income Tax 143,053 71,600 Assessment Income Tax appellate
Act, 1961 Year 2001-2002 Tribunal, Delhi
Income Tax Income Tax 27,320 - Assessment Remanded back by
Act, 1961 Year 2002-2003 Income Tax Appellate
Tribunal, Delhi to
Assessing Officer
Income Tax Income Tax 13,189,332 1,747,116 Assessment Remanded back by
Act, 1961 Year 2003-2004 Income Tax Appellate
Tribunal, Delhi to
Assessing Officer
Income Tax Income Tax 5,581,256 - Assessment Commissioner of
Act, 1961 Year 2003-2004 Income Tax (Appeals)
Income Tax Income Tax 9,599,124 4,800,000 Assessment Remanded back by
Act, 1961 Year 2004-2005 Income Tax Appellate
Tribunal, Delhi to
Assessing Officer
Income Tax Income Tax 34,009,173 25,500,186 Assessment Remanded back by
Act, 1961 Year 2005-2006 Income Tax Appellate
Tribunal, Delhi to
Assessing Officer
Income Tax Income Tax 740,029 740,000 Assessment Commissioner of
Act, 1961 Year 2006-2007 Income Tax (Appeals)
VAT-UP VAT 1,776,435 863,019 Assessment UP VAT
Trade Tax, Year 2007-2008 Appellate Tribunal
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We are informed that there are no dues in respect of Wealth Tax, Service tax, Customs Duty, Excise Duty and Cess,
which have not been deposited on account of any dispute.
10. The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the
financial year and in the immediately preceding financial year.
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