1. Contingent Liability
31-March 31-March
2014 (Rs.) 2013 (Rs.)
Income tax demand 209,838 154,598
* Income tax demand from the Indian Tax
Authority for payment of tax of Rs. 2,09,838
upon completion of their tax reviews for the
financial year 2003-04 and 2004-05.
* The company is contesting the demands and
no tax expense has been accrued in the
financial statements for the tax demands
raised. The management believes that the
ultimate outcome of this proceeding will not
have a material adverse effect on the
company's financial position and results of
the operations.
2. Previous years' figures have been regrouped whenever necessary to
confirm to current years' classification.
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