MINISTER OF STATE IN THE MINISTRY OF FINANCE & COMPANY AFFAIRS ( SHRI GINGEE N. RAMACHANDRAN)
(a) & (b) Yes, Sir.
(c) Although C&AG vide Para No. 3.1.8 appearing on page No. 57 of Report
No. 12 of 1999, has mentioned the facts as reproduced in part (a) of this
Question, the corresponding key documents received from C&AG specify 33
cases of under assessment which resulted in short levy of tax aggregating
to Rs.6365.01 lakhs. A copy of such key documents received from C&AG is
enclosed as Annexure `A`. Out of such 33 cases, 27 cases were not
accepted; one case partly accepted and only 5 cases were accepted by the
Ministry involving tax effect of Rs.626.03 lakhs.
(d) Action Taken Notes in these cases have already been sent to C&AG and
vetting comments have also been received from C&AG.
ANNEXURE-`A` to the Lok Sabha Unstarred Question No.627 for answer on 21.2.2003
KEY DOCUMENTS CORRESPONDING TO PARA 3.1.8 OF REPORT NO.12 OF 1999 RECEIVED FROM C&AG OF INDIA
S.No. Para No. Assessee M/s. CIT Charge Assessment Tax Effect Year (Rs.in lakh)
1-3. 8.1 Trend Garments Pvt. Ltd. Tamil Nadu-IV 1995-96 56.62
Interfit India Ltd. Coimbatore 1994-95 261.13 1995-96 9.90(P) 132.25
4-5. 8.2 Tata Tea Ltd. WB-VI Kolkata 1993-94 1756.32 1994-95
6. 8.3 (a) Mid India Industries Indore, M.P. 1995-96 35.77
7. 8.3 (b) Pure Helium (I) P. Ltd. City-I, Mumbai 1992-93 125.11
8. 8.3 (c) Amalgam Foods Ltd. Kerala 1995-96 31.76(P)
9-10. 8.4 (a) Jaswal Granites Ltd. A.P. Hyderabad 1994-95 31.46 1995-96
11-12. 8.4 (b) Kemwell International Karnataka-I 1994-95 7.15 Pvt. Ltd. 1995-96
13. 8.5 (a) Saketh India Ltd. Delhi-VII 1993-94 342.90
14. 8.5 (b) DSQ Software Ltd. Tamil Nadu-IV 1995-96 208.68
15. 8.5 (c) Asian Peroxide Ltd. Tamil Nadu-V 1993-94 146.50
16. 8.6 (a) Sociedade-de Fomento Panaji, Goa 1995-96 201.98 India Ltd.
17-18. 8.6 (b) Deccan Granites Ltd. A.P. Hyderabad 1993-94 35.83 1994-95
19-20. 8.7 (1) Moon Rock Agencies P. Ltd. Karnataka-I 1994-95 88.36 1995-96
21-22. (2) Index Computing P. Ltd. Karnataka-III 1995-96 169.15 1996-97
23-26. (3) Sociedade-de Fomento Panaji, Goa 1992-93 to 2373.88 India Ltd. 1995-96
27. (4) Mayfaire Exports (P) Ltd. Tamil Nadu-IV 1995-96 63.44
28. (5) Chamundi Textiles Madurai 1993-94 24.98 (Silk Mills) Ltd.
29-31. (6) Rajapalayam Mills Ltd. Madurai 1994-95 to 67.44 1996-97 115.67(P)
32. (7) Ralco Pvt. Ltd. Coimbatore 1993-94 18.98 22.01(P)
33. (8) United Granites Ltd. Coimbatore 1995-96 37.74
