M.K. DANDEKER & CO.

Chartered Accountants
Phone +91-44-43514233 No.185 (Old No.100) 2nd Foor,
E-mail admin@mkdandeker.com Poonamallee High Road,
Web www.mkdandeker.com Kilpauk, CHENNAI - 600 010.
q7a #/Ack.No. 21 5492110249

To, fl=ria Date 2-Mar-2022

24 March 2022
~ IAYIFY 215-16
}e PAN/TAN AACS6703M

The ACIT TI{ /Name HA6

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Sir/Madam,

Sub: Rectification of Order passed under Section 147 for the AY 2015-16

Ref: Assessee: Shankar Mercantile Agency Private Limited

PAN: AAACS6703M

Assessment Year: 2015-16

The assessee had filed its Return of Income for the AY 2015-16 0n 25-09-2015 declaring the Total
Income of Rs. 2,13,18,907. The return was selected for Scrutiny through CASS and the assessee was

served an order under Section 147 0n 12-03-2022.

In the Return of Income filed for the AY 2015-16, the assessee has declared income under profits and

gains of business and profession as Rs. 2,10,97,625 while the income from profits and gains from

business and profession under order u/s 147 is declared as Rs. 2,11,11,305.

The difference being Rs. 13,680 is dividend income which is exempted under Section 10 (34) of the

Income Tax Act. We are enclosing herewith the Financial Statements and the Return copy for your

reference vide Annexure 1. We request you to rectify the said mistake, consequential to which the

demand raised shall become NIL.

We request your goodself to kindly do the needful and allow us an opportunity of being heard in case

of any further clarifications.

Thanking you,

For Shankar Mercantile Agency Private Limited

Authorized Representative

Encl: Annexure 1

Branches : CHENNAI, BENGALURU, HYDERABAD, AHMEDABAD