28 December 2017
Please see below reply and suggest any correction if required
With reference to the above the assesse submits as under-
1. Investments in SMS Anamklean Greentec Pvt. Ltd. and SMS Watergrace Mediwaste Pvt. Ltd. transferred to the group companies at cost. Copy of ledger accounts attached herewith for your ready reference.
2. Prior period expenditures not accounted in earlier years, hence expenditures of prior period debited to the profit and loss account in previous year relevant to A.Y 2014-15. Copy of ledger accounts attached herewith for your ready reference.
3. Ledger accounts of C.S.R expenditure attached herewith for your ready reference.
4. Copy of ledger accounts of Interest expenditures attached herewith for your verification.
5. As regards late payment of employee’s contribution to provident fund, it is submitted that the payment has been paid in the same financial year. Therefore the same deserves to be allowed in view of the following judgments – 368 ITR 749 (Bom) CIT v. Ghatge Patil Transports Ltd. 366 ITR 001 (Bom) CIT v. Hindustan Organics
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