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Sixty-Seventh Annual Report 2011-2012
ANNEXURETOTHEAUDITORS’REPORT
(c)
Details of dues of income-tax, sales tax, wealth tax, service tax, customs duty, excise duty and cess which have not been deposited
as on March 31, 2012 on account of any disputes are given below:
Nature of the Statute Nature of the Dues
Amount
Period to which the amount
Forum where Pending
(
`
in crores)
relates to
Income Tax Laws
Income Tax
7.48
1998-99, 1999-00, 2005-06
Appellate Tribunal
Income Tax
45.24
2003-04 to 2010-11
Commissioner
Central Excise Laws
Excise Duty & Service Tax
6.53
2008-09 to 2011-12
High Court
Excise Duty & Service Tax
564.55
2004-05 to 2011-12
Appellate Tribunal
Excise Duty & Service Tax
77.24
1984-85, 1995-96,2003-04,
2006-07 to 2011-12
Commissioner (Appeals)
Excise Duty & Service Tax
0.20
2011-12
Additional Commissioner
Excise Duty & Service Tax
0.03
2011-12
Deputy Commissioner
Sales Tax Laws
Sales Tax
13.01
1995-96
Supreme Court
Sales Tax
77.52
1984-85 to 1990-91, 1993-94,
1994-95, 1997-98, 2000-01,
2002-03, 2005-06 to 2007-08 High Court
Sales Tax
21.46
1988-89, 1989-90, 1992-93,
1994-95, 1995-96, 1998-99 to
2000-01, 2002-03 to 2007-08,
2010-11
Tribunal
Sales Tax
0.20
1996-97, 1998-99, 2001-02
Commissioner (Appeals)
Sales Tax
215.79
1997-98, 1999-00, 2001-02
to 2008-09
Joint Commissioner
Sales Tax
24.34
1988-89, 1989-90, 1995-96,
1997-98, 2005-06 to 2007-08,
2009-10, 2010-11
Additional Commissioner
Sales Tax
1.26
1979-80,1994-95 to 1997-98,
2000-01, 2003-04, 2006-07,
2010-11
Deputy Commissioner
Sales Tax
0.07
1986-87, 1995-96, 1997-98,
1988-89, 1990-91, 1999-2000 Assistant Commissioner
Sales Tax
0.44
1995-96, 2000-01, 2001-02,
2004-05, 2006-07, 2007-08,
2009-10
Trade Tax Officer
(xi)
The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses during the
financial year covered by our audit and the immediately preceding financial year.
(xii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of
dues to banks, financial institutions and debenture holders.