Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
Annexure XIV Continued⦠- Edelweiss
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STLL filed an appeal no. 252/10-11 dated January 28, 2011 before the CIT Appeals – XI, New Delhi against<br />
the Assessment order dated December 22, 2010 passed under section 143(3) read with section 254 of the I.T.<br />
Act by the Deputy Commissioner of Income Tax, Circle 8(1), New Delhi. The assessing officer has made<br />
additions of ` 0.68 million being unexplained investment under section 69 of the I.T. Act. As a result demand<br />
of ` 0.26 million was raised. An amount of ` 0.075 million has already been deposited. The matter is currently<br />
pending.<br />
5. STLL v. Deputy Commissioner of Income Tax, Circle 8(1), New Delhi before CIT Appeals – XI, New<br />
Delhi for A.Y. 2004-2005<br />
Appeal No. 251/10-11 of 2011 before the CIT Appeals – XI, New Delhi<br />
STLL filed an appeal no. 251/10-11 dated January 28, 2011 before the CIT Appeal- XI, New Delhi against the<br />
assessment order dated December 22, 2010 passed under section 143(3) read with section 254 of the I.T. Act<br />
by the Deputy Commissioner of Income Tax, Circle 8(1), New Delhi. The assessing officer has made additions<br />
of` 4.92 million being unexplained investment under section 69 of the I.T. Act. As a result demand of ` 2.54<br />
million was raised. An amount of ` 0.65 million has already been deposited. The matter is currently pending.<br />
3.2 Garuda Imaging & Diagnostic Private Limited (“GIDPL”)<br />
Cases filed by GIDPL<br />
Tax<br />
1. GIDPL v. Commissioner of Income Tax–IV, Delhi before ITAT for A.Y. 2006-2007<br />
Appeal No. 5956/DEL-2010 of 2010 before ITAT, New Delhi<br />
GIDPL filed an appeal no. 5956/DEL-2010 on December 28, 2010 to ITAT, New Delhi against the order<br />
under section 263 of the I.T. Act dated May 12, 2010 passed by CIT – Delhi IV. The CIT proposed fresh<br />
assessment with the reason that the income earned due to sale of shares shall be treated as business income<br />
instead of short term capital gain as declared in income tax return by GIDPL. The total amount involved in this<br />
appeal is ` 7 million and the matter is currently pending.<br />
2. GIDPL v. Deputy Commissioner of Income Tax, Circle 12(1), New Delhi before CIT (Appeals) – XV,<br />
New Delhi for A.Y. 2007-2008<br />
Appeal No. 480285 of 2009 before CIT (Appeal)<br />
GIDPL filed an appeal no. 480285 dated December 09, 2009 before CIT (Appeals) - XV, New Delhi against<br />
the assessment order under section 143(3) of the I.T. Act dated October 30, 2009 passed by Deputy<br />
Commissioner of Income Tax, Circle 12(1), New Delhi. The assessing officer has made an addition of ` 0.51<br />
million made on account of disallowance under section 14 A of the I.T. Act.<br />
The total amount involved in this appeal is ` 0.27 million and the matter is currently pending.<br />
3. Show Cause notice received by GIDPL for scrutiny proceedings for A.Y. 2009-2010<br />
GIDPL has received a notice under section 143(2) of the I.T. Act dated September 21, 2010 from Assistant<br />
Commissioner of Income Tax, Circle 12(1), New Delhi for scrutiny assessment proceedings calling for certain<br />
information and record for the A.Y. 2009-2010. GIDPL has submitted the details sought by Assistant<br />
Commissioner of Income Tax and the assessment proceedings are currently pending.<br />
3.3 Sindhu Holdings Limited (“SHL”)<br />
Cases filed against SHL<br />
Tax<br />
327
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