FORM 3CB

[See Rule 6G(1)(b)]

Audit report under section 44AB of the Income Tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) o
rule 6G

We have examined the balance sheet as at 31st March 2016 & and the Profit and loss Account for the year ended on that da
attached herewith, of Shri Akash M Kewalramani (PROP: M/[Link] Cellular), Permanent Account Number : BIAPK6578C

1. We certify that the balance sheet and the profit and loss account are in agreement with the books of accounts maintained at t
head office at Nagpur and ______NIL_________ Branches.

2. (a) We report the following observations/comments/discrepancies/ inconsistencies, if any:

- NIL -
(b) Subject to above, -

(A) We have obtained all the information and explanations, which to the best of our knowledge and belief were
necessary for the purpose of the audit.

(B) In our opinion, proper books of accounts have been kept by the head office and the branches of the assessee
far as appears from our examination of the books.

(C) In our opinion and to the best of our information and according to the explanations given to us the said
accounts, read with notes thereon, if any, give a true and fair view: -

(i) In the case of the balance sheet, of the state of the affairs of the assessee as at 31st March 2015 and

(ii) In the case of the profit and loss account, of the Profit of the assessee for the year ended on that date.

3. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD.

4. In our opinion and to the best of our information and according to the explanations given to us, the particulars given in t
said form 3CD and the annexures thereto are true and correct.

FOR VINOD VISHAL & ASSOCIATE

CHARTERED ACCOUNTANT
PLACE:NAGPUR
DATED: 14/01/2021

PARTNE
M. NO: 1028
FIRM REGISTRATION NO. 127506
PARTICULARS 3/31/2020 3/31/2019 3/31/2018

Stock 96230461.00 97754116.34 102045540.00

Less:margin 25% 24057615.25 24438529.086 25511385
Net Avilable for DP(1) 72172845.75 73315587.26 76534155.00

Debtor 100946230.98 189723273.41 181968228.22

Creditor 57845086.00 121653349.68 149201351.67
Net Receivable 43101144.98 68069923.73 32766876.55
Less:Margin 40% 17240457.992 27227969.492 13106750.62
Net Avilable for DP(2) 25860686.99 40841954.24 19660125.93

Total DP(1+2) 98033532.74 114157541.50 96194280.93

Balance as on
Balancesheet Date 28068711.99 24668982.42 25366404.09

PARTICULARS 3/31/2020 3/31/2019 3/31/2018

Stock 96230461.00 97754116.34 102045540.00

Less:Creditor 57845086.00 121653349.68 149201351.67
Paid Stock 38385375.00 -23899233.34 -47155811.67
Less:margin 25% 9596343.75 -5974808.33 -11788952.92
Net Avilable for DP(1) 28789031.25 -17924425.00 -35366858.75

Debtor 100946230.98 189723273.41 181968228.22

Less:Margin 40% 40378492.392 75889309.364 72787291.288
Net Avilable for DP(2) 60567738.59 113833964.05 109180936.93

Total DP(1+2) 89356769.84 95909539.04 73814078.18

Balance as on
Balancesheet Date 28068711.99 24668982.42 25366404.09
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SILVER CELLULAR , NAGPUR

Shree Akash M Kewalramani
BALANCE SHEET AS AT 31ST MARCH 2020

LIABILITIES SCH. AMOUNT AMOUNT ASSETS SCH. AMOUNT AMOUNT

PROPRIETOR'S CAPITAL ACCOUNT FIXED ASSETS F 12983234.58

SHRI AKASH M. KEWALRAMANI A 22730654.43
INVESTMENTS
SECURED LOANS B 38977903.46 FIXED DEPOSIT 6692644.00
GOLD COINS 748149.00
JEWELLERY 380000.00 7820793.00
UNSECURED LOAN C 115737521.67
CURRENT ASSETS LOANS & ADVANCES
SUNDRY CREDITORS D 57845086.00 Closing Stock 96230461.00
(As valued & certified by Proprietor)
CURRENT LIABILITIES AND PROVISIONS E 362617.00
Sundry Debtors G 100946230.98
other Debit Balance H 3165216.96
LOANS & ADVANCES I 12292419.00

Other Current Asset J 348759.20

CASH AND BANK BALANCE K 1866667.83 214849754.97

Notes on Accounts L

235653782.56 235653782.56

AS PER OUR REPORT OF EVEN DATE ATTACHED

FOR VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
PLACE: NAGPUR
DATED: 14/01/2021
UDIN:21102822AAAACS3874 VINOD HASSANI
PARTNER
M. NO: 102822
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SILVER CELLULAR , NAGPUR

TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2020

PARTICULARS AMOUNT PARTICULARS AMOUNT

To Opening Stock 97,754,116.34 By Sales Less Returns 687,092,709.78

To Purchases Less Returns 681,781,215.85 By Incentive & Diiscount 0.00
To Incentive & Discounts 14969547.88 666,811,667.97 By Direct Income 110000.00
To Freight Charges 9100.00 By Closing Stock 96,230,461.00

To Gross Profit C/f 18,858,286.47

783433170.78 783433170.78

BANK CHARGES 398713.57 By Gross Profit B/d 18858286.47

RENT 1080655.00 By Interest Income(FDR) 452827.00
SALARY 1997419.80 By Interest (Loan) 338273.00
AUDIT FEES 30000.00 By Round off 7394.50
BANK CHARGES(Akash) 188.80
BROKERAGE EXPENSES 85200.00 Total Admin 15609356.62
CONVEYANCE A/C 141896.00 Interest-Bank 2991764.00
Refreshment Exp 9161.00 Interest-Other 5115981.66
DEPRICIATION 796590.08 Depriciation 796590.08
ELECTRICITY EXPENSES 158244.00
GST PENALTY & LATE FEES EXP. 13000.00 Other Admin Expenses 6705020.88
INSURANCE EXPENSES 188861.24
INTEREST ON SECURED LOAN 333986.63
Interest on Car Loan 156755.00
Tea Exp 36945.00
INTEREST ON UNSECURED LOAN 4625240.03
INTEREST TO BANK 2991764.00
MISC EXP 70876.45
TOUR AND TRAVELLING 262844.00
Postage and courier 207936.00
Transportation Charges 41246.00
OFFICE EXPENSES 65749.00
PETROL EXP. 142439.00
PRINTING & STATIONERY 16750.29
VAT Exp 18384.18
REPAIR AND MAINTANANCE 755117.57
Water Bill 16970.00
Discount 927.22
Professional tax 7531.00
Passenger Service Fees 1782.00
SHOP EXPENSES 191631.00
Finance Processing Fees 297947.85
TALLY CONSULTANCY FEES 10800.00
Legal Fees 12016.94
TELEPHONE EXP. 133331.60
TRAVELLING EXPENSES 279940.37
Internet Exp 30516.00

To Net Profit Transferred 4047424.35

to Proprietor's Capital A/c

19656780.97 19656780.97

AS PER OUR REPORT OF EVEN DATE ATTACHED

PLACE: NAGPUR FOR VINOD VISHAL & ASSOCIATES
DATED: 14/01/2021 CHARTERED ACCOUNTANTS
UDIN:21102822AAAACS3874

VINOD HASSANI
PARTNER
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies M. NO: 102822
Kamptee Road, Nagpur -1
 VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SILVER CELLULAR , NAGPUR

ATTACHED TO BALANCE SHEET AS ON 31st MARCH 2020

SCHEDULE -'A' : PROPRIETOR'S CAPITAL ACCOUNT

SHRI AKASH M. KEWALRAMANI

Particulars Amount Amount
Opening Balance 20310966.70
Add: Interest on Bank 62.00
Add: Addition 318150.00
Add: Profit during the year 4047424.35 4365636.35
24676603.05
Less: Withdrawals 1799803.62

LIC 133849.00
MEDICLAIM 12296.00
1945948.62
22730654.43

SCHEDULE -'B' : Secured Loans

Particulars Amount Amount

ALLAHABAD BANK LOAN (CRETA-50358184817) 660912.00

ALLAHABAD BANK LOAN (TATA ACE-50321382335) 80685.00
Aditya Birla Capital Loan 1328078.00
Fullertron India Loan 1239759.44
HDFC Bank Loan 2825897.99
Hero Fincorp 1445185.00
ICICI loan 1375964.00
IDFC Loan 1952710.04
ALLAHABAD BANK LOAN O/D A/C 28068711.99

38977903.46

SCHEDULE - 'C': UNSECURED LOANS

Particulars Amount

ANANTADEVI U. MISHRA(U/L) 1000000

ANISH SIGTIA 1000000
ASIAN ENTERPRISES(U/L) 7000000
AV SALES CORPORATION (U/L) 1900000
ADITI KHEMUKA U/L 1000000
BARKHA DHINGRA U/L 1000000
EMPIRE INFRA C/O MOHTA(U/L) 2000000
SILVER SYSTEM ENTERPRISES PVT LTD 44687855.67
GLOBAL ASSOCIATES (U/L) 1500000
JITENDRA MOGHE (U/L) 15000000
SHANTANU DEVELOPE (NASIK-YELLOW.B) 3000000
GHANSHYAM KEWALRAMANI -31746455
 VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

BHAGWANDAS KEWALRAMANI 2829313.00

BHAGWANDAS KEWALRAMANI(HUF) 1167362.00
BHAVIKA KEWALRAMI (U/L) 2500000.00
BOMBAY FABRICK 3512500.00
CHANDAN JASNANI C/O BALLU SIR & SONU SIR 1000000.00
HOLARAM AWATRAM CHAWLA U/L 7500000.00
Industrial Batteries 1389000.00
KHUSHBOO DHINGRA U/L 600000.00
KARDA CONSTRUCTION(U/L)NASIK 37950000.00
KAUSHALYA B. KEWALRAMANI 3054929.00
Mohini Devi 1985000.00
Mohit Kamal 600000.00
Sharma Excide Battery 4150000.00
MANOHAR B KEWALRAMANI HUF 1766452.00
MEENA BHARANI 1638755.00
MEENA RAMESH CHAWLA U/L 7500000.00
[Link] HUF U/L 500000.00
NISHA G. KEWALRAMANI 3359060.00
VINODKUMAR SANTOSHKUMAR HASSANI 393750.00
RACHNA JOSHI (U/L) 1500000.00
GANGADHAR INFRA(U/L) -16500000

115737521.67

SCHEDULE - 'D': SUNDRY CREDITORS

Particulars Amount

CRESCENT TRAVELS 9189.00

INGRAM MICRO INDIA LTD 22538.00
JAINA INDIA PVT LTD (P) 11776907.11
MICROMAX INFORMATICS LTD. (MUMBAI) 6317019.18
SHEPHERED INC 16187237.00
S Mobile Device -97670.80
The Home -3045.00
Lava International -33098.61
Abhijeet Associates 405890.00
SUN AIR VOICE PRIVATE LIMITED 5480650.12
Inlead Electronics Gadchiroli -288059.00
Royal Mobile 79450.00
Shree Binding Works 3670.00
TELEHOME ELECTRONIC DISTRIBUTION HUB 19450836.00
INLEAD ELECTRONICS PVT LTD -1082497.00
Inlead Electronics Gondia -383930.00
57845086.00

SCHEDULE - 'E': CURRENT LIABILITIES & PROVISIONS

Particulars Amount

Audit Fees Payable 210000.00

VINOD VISHAL & ASSOCIATES -106867.00
TDS Payable 259484.00

362617.00
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1
 VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SCHEDULE - 'G': SUNDRY DEBTOR

Particulars Amount

AMRAVATI 206975.00
APPLE WARDHA -66200.00
CREDIT 925406.90
DISPUTE ACCOUNT -255714.75
GADCHIROLI 4042040.02
GIZMORE WARDHA 618359.00
GONDIA -243964.00
GONDIA NEW 429244.00
INTEX MOBILE -302332.00
ITEL MOBILE -3915.00
KARBON MOBILE 66577.00
LOCAL ACCOUNT 8075395.13
MICROMAX -358364.00
OFFICE ACCOUNT 77740.00
SC NAGPUR 1.00
SILVER 42806477.00
UNDER -485858.00
UNDER 2 2072756.25
WARDHA 6505121.87
ABUSKAR -283120.93
AGASTON MOBILE 17420.49
CORPORATE TROTTER 1100.00
DHRUV DISTRIBUTOR 1000000.00
DOA SERVICE CENTER 43581.00
GREEN CITY BUILDER 10000000.00
MONA TRADERS 2096055.00
SEEMA SHARMA 1120000.00
SURYA ETAIL 100124.00
VIJAY DHARMADHIKARI 1000000.00
VINCOM SYSTEM 21250000.00
VINCOM SYSTEM SONU 500000.00
ADROIT 3090.00
MADHAV SALES CORPORATION -11764.00

100946230.98

SCHEDULE - 'I': LOANS AND ADVANCES

Particulars Amount

GAJANAN MOTIRAM RENT DEPOSIT (GADCHIROLI OFF.) 25000

Kanchan Chabaria Deposite 60000
MSEB DEPOSIT ( GONDIA ) 6500
PULKIT SURESH AGRAWAL 30000
PURUSHOTTAM R. SAHU(ADVANCE RENT GODOWN) 65000
WARDHA NEW OFC DEPOSITE 5200
Yogesh Ratnani Deposite Acount 25000
ADVANCE FOR GODOWN PURCHASED 36000.00
ASHISH PHANDANVIS (U/L) 850000.00
BHAJAN DEVANDAS 200000.00
JAIPAL DHINGRA (BROK) 450.00
MUKUND VYAS(U/L) REGISTRY 550000.00
RAJAGHOSH (ADVANCE) 50000.00
SHAZI MALIK 10000000.00
ZAZZ TECHNOLOGY 389269.00

12292419.00
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1
 VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SCHEDULE - 'J': OTHER CURRENT ASSETS

Particulars Amount

CAPITAL FIRST LTD B/L (3590243) 25050.00

S S DISTRIBUTOR 172419.00
TATA CAPITAL B/L (3999439) 4745.00
TATA CAPITAL B/L (4888332) 30647.00
Tds Receivable 87153.20
Receivable from NBFC against TDS 28745.00

348759.20

SCHEDULE - 'K': CASH AND BANK BALANCE

Particulars Amount

Cash Balance 1143610.37

ALLAHABAD BANK AC 82089.76
AXIS BANK 186868.12
BANK OF BARODA 383311.03
BULDHANA BANK 20958
HDFC BANK 37470.24
PNB BANK-193008 8185.31
NAVODAYA URBAN CO-OP BANK 1
NIRMAL URBAN CO-OP. BANK LTD., NAGPUR 4174

1866667.83

SCHEDULE - 'H': OTHER DEBIT BALANCE

Particulars Amount

BAJAJ FINANCE B/L (406PSB02521994) 8690

RELIGARE RECEIVABLE AGAINST TDS 153064
EDELWISS RECEIVABLE AGAINST TDS 21491
CAPITAL FIRST RECEIVABLE AGAINST TDS 63253
TATA CAPITAL B/L (6013627) 47968
GST Receivable 701348.96
VAT REC 15-16 250022.75
VAT REC 17-18 1742108.99
VAT REC 16-17 177270.26

3165216.96
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SILVER CELLULAR , NAGPUR

ATTACHED TO BALANCE SHEET AS ON 31st MARCH 2020
SCHEDULE : - ' F' FIXED ASSETS

Opening Additions Sale / Transfer Gross Block Depreciation Closing

Rate of
Balance during as on during the W.D.V.
Particulars during the year
as on 31.03.20 as on
Depreciation the year year
1/04/2019 Upto 30 .09.19 After 30.09.19 31/03/2020

ACTIVA 15% 13818.11 13,818.11 2,072.72 11745.39

APPLE I PHONE X(256GB) 15% 69147.857 69,147.86 10,372.18 58775.68
BLACK BERRY MOBILE 15% 14333.2525 14,333.25 2,149.99 12183.26
COMPUTER 40% 4746.36 4,746.36 1,898.54 2847.82
Creata Purchased 15% 2599584.623 2,599,584.62 389,937.69 2209646.93
CRETA (V SIR) 15% 935615.1025 935,615.10 140,342.27 795272.84
EXCIDE BATTERY-2KB ON LINE UPS 15% 9184.318 9,184.32 1,377.65 7806.67
EXCIDE BATTERY-6LMS 150 15% 28222.635 28,222.64 4,233.40 23989.24
FAN 15% 3280.5 3,280.50 492.08 2788.43
FLAT AT JP EXOTICA 0% 8669560 8,669,560.00 - 8669560.00
FLAT PURCHASE SANJAY KUKREJA 0% 0 - - 0.00
FURNITURE & FIXTURE 10% 94923.118 94,923.12 9,491.31 85431.81
FURNITURE ( GONDIA ) 10% 87156 87,156.00 8,715.60 78440.40
KARIZMA 15% 23828.73 23,828.73 3,574.31 20254.42
MERCEDES BENZ 15% 2165902.85 1,827,000.00 338,902.85 50,835.43 288067.42
PRINTER 15% 9.54 9.54 1.43 8.11
REFRIGERATOR 15% 26130.6575 26,130.66 3,919.60 22211.06
SCODA CAR 15% 443720.23 443,720.23 66,558.03 377162.20
SILVER CELLULAR-ASSETS 15% 4273.1425 4,273.14 640.97 3632.17
SOFTWARE PURCHASE 40% 151875 151,875.00 60,750.00 91125.00
TATA ACE 15% 261512.6405 261,512.64 39,226.90 222285.74

15606824.67 0.00 0.00 1827000.00 13779824.67 796590.08 12983234.58

VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

SCHEDULE "L" : NOTES ON ACCOUNTS

1. Financial statements are prepared under historic cost convention on accrual basis in accordance with requirements of accounting standards.
2. Fixed Assets are stated at cost of acquistition or constuction as reduced by depreciation Provided thereon.
3. Depreciation has been provided on written down value method as per the rates given in Income Tax Rules.
4. Balances of Sundry Creditors & Debtors are subject to confirmation.
5. Closing Stock is valued at cost or net realizable value whichever is lower and as certified by Proprietor.
6. Sales are accounted for on despatch of goods.
Signature of Schedule 'A to 'K'
As per our report of even date attached
FOR VINOD VISHAL & ASSOCIATES
CHARTERD ACCOUNTANTS

PLACE: NAGPUR
DATED: 14/01/2021
UDIN:21102822AAAACS3874 VINOD HASSANI
PARTNER
M. NO: 102822
VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
S-4, Girish Heights
Besides Bharat Talkies
Kamptee Road, Nagpur -1

ANNEXURE-I
PART - A
1 Name of the Assessee Shri Akash M. Kewalramani
(Prop: M/S Silver Cellular)
2 Address Plot No. 520 Clock Town
Surendra Jeevan Opp. Kadbi
Chowk
3 Permanent Account Number
BIAPK6578C
4 Status INDIVIDUAL
5 Previous year ended 31ST MARCH 2016
6 Assessment year 2016-2017

PART - B

#REF!
Nature of business or profession in respect of every business
or profession carried on during the previous year
Code: 204

Sn Particular Current Year Previous Year

1 Paid-up share capital/capital of partner/proprietor 22730654.43 6250234.36

Share Application Money/Current Account of
2 Partner or Proprietor, if any, - -

3 Reserves and Surplus/Profit and Loss Account - -

7 Secured Loans 38977903.46 32818219.53
5 Unsecured Loans 115737521.67 15365793
6 Current Liabilities and Provisions 58207703.00 152106885.59
7 Total of Balance Sheet 235653782.56 206541132.48
8 Gross turnover/gross receipts 687092709.78 2101701469.14
9 Gross Profit/ (Loss) 18858286.47 22909452.57
10 Commission Received - -
11 Commission Paid - -
12 Interest Received (Net) 110000.00 1249592
13 Interest Paid #VALUE! 5599671
14 Depreciation as per books of account #REF! 411376
Net Profit (or loss) before tax as per Profit and Loss 4047424.35 3425779.22
Account
15

AS PER OUR REPORT OF EVEN DATE ATTACHED

VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
NAGPUR
DATED: 14/01/2021

VINOD HASSANI
PARTNER
M. NO: 102822
 FORM NO. 3CD
[See rule 6G(2)]
Statement of particulars required to be furnished under section 44AB of the Income Tax Act,1961
PART - A
1 Name of the Assessee M/S SILVER CELLULAR
(Proprietor Shri Akash M Kewalramani)
2 Address
Plot No. 520 Clock Town Surendra Jeevan
Opp. Kadbi Chowk,Nagpur
3 Permanent Account Number BIAPK6578C
4 Whether the assessee is liable to pay indirect
tax like excise duty, services tax , sales tax, Yes
customs duty, etc.
If yes , please furnish the registration number VAT-27610752575V
or any other identification number allotted for
the same. Individual
5 Status
6 Previous year from 1st April 2015 to 31st March 2016
7 Assessment year 2016-2017
8 Indicate the relevant clause of section 44AB Clause(a) carrying on business, if total sales, tornover or
under which the audit has been conducted . gross receipts as the case may be, in business exceed or
exceeds one crore rupees in previous year.

PART - B
9 (a) If firm or Association of persons, indicate
names of partners/ members and their profit -NOT APPLICABLE -
sharing ratios
(b) If there is any change in the partners or
members or in their profit sharing ratio since
the last date of the preceding year, the -NOT APPLICABLE -
particulars of such change.

10 (a) Nature of business or profession (if more than

one business or profession is carried on during
the previous year, nature of every business or Trading In Mobiles and Mobile Parts
profession).

(b) If there is any change in the nature of business

or profession, the particulars of such change - NO -

11 (a) Whether books of accounts are prescribed

under section 44AA, if yes, list of books so
prescribed
(b) Books of account maintained and the address
at which the books of accounts are kept. (In
case books of accounts are maintained in a
computer system, mention the books of REFER ANNEXURE-'1'
accounts generated by such computer system.)

(c ) List of books of accounts and nature of

relevant documents examined.
12 Whether the profit and loss account includes any
profit and gains assessable on presumptive basis, if
yes, indicate the amount and the relevant section
(44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, - NO -
Chapter XII-G, First Scheduleor any other relevant
section)

13 (a) Method of accounting employed in the

previous year Mercantile

(b) Whether there has been any change in the No, there is no change in the method of accounting employed
method employed in the immediately
as compared to that employed in the immediately preceeding
preceeding previous yr.
previous year.
(c ) If answer to (b) above is in the affirmative,
give details of such change, and the effect - NOT APPLICABLE -
thereof on the profit or loss.
(d) Details of deviation, if any in the method of
accounting employed in the previous year
from accounting standards prescribed under - NOT APPLICABLE -
section 145 and the effect thereof on the profit
or loss.

14 (a) Method of valuation of closing stock As certified by Proprietor taken & valued at cost or net
employed in the previous year realizable value whichever is lower.
(b) Details of deviation , if any , from the method
of valuation prescribed under section 145A,
and the effect thereof on the profit and loss. REFER ANNEXURE - 2 -

15 Give the following particulars of the capital asset

converted into stock-in-trade: -
(a) Description of capital asset, - NIL -
(b) Date of acquisition; - NIL -
(c) Cost of acquisition; - NIL -
(d) Amount at which the asset is converted into
stock-in-trade. - NIL -

16 Amounts not credited to the profit and loss account,

being -
(a) the items falling within the scope of section 28;
- NIL -

(b) the proforma credits, drawbacks, refund of

duty of customs or excise or service tax, or
refund of sales tax or value added tax, where
such credits, drawbacks or refunds are - NIL -
admitted as due by the authorities concerned.

(c ) escalation claims accepted during the previous

year - NIL -

(d) any other item of income; - NIL -

(e) capital receipt , if any. - NIL -
17 Where any land or building or both is
transferred during the previous year for a
consideration less than value adopted or
assessed or assessable by any authority of a - NO -
State Government referred to in section 43CA
or 50C, please furnish
18 Particulars of depreciation allowable as per the
Income Tax Act, 1961, in respect of each asset or
block of assets, as the case may be, in the following
form

(a) Description of asset / block of assets

(b) Rate of depreciation.
(c ) Actual cost or written down value, as the case
may be
(d) additions / deductions during the year with
dates; in the case of any addition of asset, date
put to use; including adjustment on account of
-
REFER ANNEXURE - 3 -
(i) Central Value Added Tax Credit claimed
and allowed under the Central Excise rules,
1994, in respect of assets acquired on or after
1st March, 1994.

(ii) change in rate of exchange of currency, and

(iii) subsidy or grant or reimbursement , by

whatever name called
(e) Depreciation allowable
(f) Written down value at the end of the year.
19 Amounts admissible under sections -
(a) 32AC - NIL -
(b) 33AB - NIL -
(c) 33ABA - NIL -
(d) 33AC (wherever applicable) - NIL -
(e) 35 - NIL -
(f) 35ABB - NIL -
(g) 35AC - NIL -
(h) 35AD - NIL -
(i) 35CCA - NIL -
(j) 35CCB - NIL -
(k) 35CCC - NIL -
(l) 35CCD - NIL -
(m) 35D - NIL -
(n) 35DD - NIL -
(o) 35DDA - NIL -
(p) 35E - NIL -
20 (a) Any sum paid to an employee as bonus or
commission for services rendered, where such
sum was otherwise payable to him as profits or - NIL -
dividend. [Section 36(1)(ii)].

(b) Details of contributions received from

employees for various funds as referred to in - NIL -
section 36(1)(va)
21 (a) Please furnish the details of amounts debited
to the profit and loss account, being in the
nature of
expenditure of capital nature; - NIL -
expenditure of personal nature; - NIL -
expenditure on advertisement in any souvenir,
brochure, tract, pamphlet or the like, published - NIL -
by a political party;
expenditure incurred at clubs being cost for
club services and facilities used - NIL -

expenditure by way of penalty or fine for

violation of any law for the time being in - NIL -
force;
expenditure by way of any other penalty or
fine; - NIL -

expenditure incurred for any purpose which is

an offence which is prohibited by law; - NIL -

(b) amounts inadmissible under section 40(a);

(i) as payment to non-resident referred to in

sub-clause (i)
(A) Details of payment on which tax is not
deducted:
(I) date of payment
(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(B) Details of payment on which tax has been
deducted but has not been paid during the
previous year or in the subsequent year before
the expiry of time prescribed under section
200(1)

(I) date of payment

(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(V) amount of tax deducted
(ii) as payment referred to in sub-clause (ia)
(A) Details of payment on which tax is not
deducted:
(I) date of payment - NIL -
(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(B) Details of payment on which tax has been
deducted but has not been
paid on or before the due date specified in sub-
section (1) of section
139.

(I) date of payment

(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(V) amount of tax deducted
(VI) amount out of (V) deposited, if any
 (iii) under sub-clause (ic) [Wherever
applicable]
(iv) under sub-clause (iia)
(v) under sub-clause (iib)
(vi) under sub-clause (iii)
(a) date of payment
(b) amount of payment
(c) name and address of the payee
(vii) under sub-clause (iv)
(viiii) under sub-clause (v)
(c) interest, salary, bonus, commission or
remuneration inadmissible under section - NIL -
40(b)/40(ba) and computation thereof -
(d) Disallowance/deemed income under section
40A(3)
(A)On the basis of the examination of books of
account and other relevant
documents/evidence, whether the expenditure
covered under section 40A(3) read with rule
6DD were made by account payee cheque
drawn on a bank or account payee bank draft.
If not, pl

(B)On the basis of the examination of books of '- REFER ANNEXURE -'4'
account and other relevant
documents/evidence, whether the payment
referred to in section 40A(3A) read with rule
6DD were made by account payee cheque
drawn on a bank or account payee bank draft If
not, pleas

( e ) provision for payment of gratuity not

allowable under section 40(A)(7) - NIL -

( f ) any sum paid by the assessee as an employer

not allowable under section 40A(9) - NIL -

( g ) particulars of any liability of a contingent

nature - NIL -

( h ) amount of deduction inadmissible in terms of

section 14A in respect of the expenditure
incurred in relation to income which does not - NIL -
form part of the total income,

( i ) amount inadmissible under the proviso to

section 36(1)(iii). - NIL -
22 Amount of interest inadmissible u/s 23 of Micro,
Small and Medium Enterprises Development Act, - NIL -
2006
23 Particulars of payments made to persons specified
under section 40A(2)(b) - REFER ANNEXURE -5

24 Amounts deemed to be profits and gains under

section 32AC or 33AB or 33ABA or 33AC. - NIL -

25 Any amount of profits chargeable to tax under Sec.

41 and computation thereof. - NIL -

26 *(i) In respect of any sum referred to in clauses (a),

(b), (c), (d), (e) or (f) of section 43B, the
liability for which -
(A) pre-existed on the first day of the previous
year but was not allowed in the assessement of
any preceding previous year and was -

(a) paid during the previous year ;

(b) not paid during the previous year;
(B) was incurred in the previous year and was - NIL -

(a) paid on or before the due date for

furnishing the return of income of the
previous year under section 139 (1);
(b) not paid on or before the aforesaid date.

* State whether sales tax, custom duty, excise duty

or any other indirect tax, levy, cess, impost etc. is
passed through the profit and loss account

27 (a) Amount of Central Value Added Tax Credits

availed of or utilised during the previous year
and its treatment in the profit and loss account
and treatment of outstanding Central Value - NIL -
Added Tax Credits in the accounts

(b) Particulars of income or expenditure of prior

period credited or debited to the profit and loss - NIL -
account.
28 Whether during the previous year the assessee
has received any property, being share of a
company not being a company in which the
public are substantially interested, without
consideration or for inadequate consideration
- NIL -
as referred to in section 56(2)(viia), if yes,
please furnish the details of the same

29 Whether during the previous year the assessee

received any consideration for issue of shares
which exceeds the fair market value of the
shares as referred to in section 56(2)(viib), if - NIL -
yes, please furnish the details of the same
30 Details of any amount borrowed on hundi or
any amount due thereon (including interest on
the amount borrowed) repaid, otherwise than - NIL -
through an account payee cheque. [Section
69D]

31 (a)* Particulars of each loan or deposit in an

amount exceeding the limit specified in section
269SS taken or accepted during the previous
year -

(i) Name, Address and Permanent Account

Number (If available with the assessee) of the
lender or depositor
(ii) amount of loan or deposit taken or
accepted;
(iii) whether the loan or deposit was squared
up during the previous year; -REFER ANNEXURE 7 -
(iv) maximum amount outstanding in the
account at any time during the year
(v) whether the loan or deposit was taken or
accepted otherwise than by an account payee
cheque or an account payee bank draft.

*(These particulars need not be given in the case of a

Government Company, a banking company or a
corporation established by a Central, State or Provincial
Act)

(b) Particulars of each repayment of loan or

deposit in an amount exceeding the limit
specified in section 269T made during the
previous year -

(i) Name, Address and Permanent Account

Number (If available with the assessee) of the
payee -REFER ANNEXURE 7 -
(ii) amount of the repayment;
(iii) maximum amount outstanding in the
account at any time during the year
(iv) whether the repayment was made
otherwise than by an account payee cheque or
an account payee bank draft.
(c) Whether the taking or accepting loan or
deposit, or repayment of the same were made
by account payee cheque drawn on a bank or
account payee bank draft based on the Yes
examination of books of account and other
relevant documents

The particulars (i) to (iv) at (b) and Comment at (c)

above need not be given in the case of a repayment
of any loan or deposit taken or accepted from
Government, Government company, banking
company or a corporation established by a Central,
State or Prov
32 (a) Details of brought forward loss or depreciation
allowance, in the following manner, to the
extent available :
- NIL -
[Link]. | Assessment Year | Nature of
| | loss allowable
in rupees)
(b) whether a change in shareholding of the
company has taken place in the previous year
due to which the losses incurred prior to the
previous year cannot be allowed to be carried - NOT APPLICABLE -
forward in terms of section 79.

(c) Whether the assessee has incurred any

speculation loss referred to in section 73
during the previous year, If yes, please furnish
the details of the same - NIL -

(d) whether the assessee has incurred any loss

referred to in section 73A in respect of any
specified business during the previous year, if - NIL -
yes, please furnish details of the same..

(e) In case of a company, please state that whether

the company is deemed to be carrying on a
speculation business as referred in explanation
to section 73, if yes, please furnish the details - NOT APPLICABLE -
of speculation loss if any incurred during the
previous year.

33 Section- wise details of deductions if any,

admissible under Chapter VI-A or Chapter III
SECTION 80C- Rs. 99653
(Section 10A,Section 10AA)

34 (a) Whether the assessee is required to deduct or

collect tax as per the provisions of Chapter YES
XVII-B or Chapter XVII-BB
If yes, please furnish: REFER ANNEXURE 8
(b) whether the assessee has furnished the
statement of tax deducted or tax collected YES
within the prescribed time
If not, please furnish the details: - NOT APPLICABLE -
(c) whether the assessee is liable to pay interest
under section 201(1A) or section 206C(7) YES

If yes, please furnish

REFER ANNEXURE 8
35 (a) In the case of a trading concern, give Items traded being numerous it is not possible to determine
quantitative details of principal items of goods the principle items traded and to give quantitative details
traded - thereof.
(i) Opening stock ;
(ii) Purchases during the previous year
(iii) Sales during the previous year
(iv) Closing Stock;
(v) Shortage / excess, if any.
(b) In the case of a manufacturing concern, give
quantitative details of the principal items of
raw
materials, finished products and by-products:

A. Raw materials :
(i) Opening stock ;
(ii) Purchases during the previous year
(iii) Consumption during the previous year
(iv) Sales during the previous year
(v) Closing Stock; - NOT APPLICABLE -
(vi)* Yield of finished products;
(vii) Percentage of yield;
(viii)* Shortage / excess, if any.
B. Finished products / By-products:
(i) Opening stock ;
(ii) Purchases during the previous year
(iii) Quantity manufactured during the
previous year. - NOT APPLICABLE -

(iv) Sales during the previous year

(v) Closing Stock;
(vi) Shortage / excess, if any.
* Information may be given to the extent
available.
36 In the case of a domestic company, details of
tax on distributed profits under section 115O
in the following form -
(a) Total amount of distributed profits; - NOT APPLICABLE -
(b) amount of reduction as referred to in
section 115-O(1A)(i)
(c) amount of reduction as referred to in
section 115-O(1A)(ii)
(d) Total tax paid thereon ;
(e) Dates of payment with amounts.
 37 Whether any cost audit was carried out, if yes,
give the details, if any, of disqualification or
disagreement on any
matter/item/value/quantity as may be - NOT APPLICABLE -
reported/identified by the cost auditor.

38 Whether any audit was conducted under the

Central Excise Act, 1944, if yes, give the
details, if any, of disqualification or
disagreement on any - NOT APPLICABLE -
matter/item/value/quantity as may be
reported/identified by the auditor.

39 Whether any audit was conducted under

section 72A of the Finance Act,1994 in
relation to valuation of taxable services,
Finance Act,1994 in relation to valuation of - NOT APPLICABLE -
taxable services, if yes, give the details, if any,
of disqualification or disagreement on

40 Details regarding turnover, gross profit, etc.,

for the previous year and preceding previous - REFER ANNEXURE - '9'
year:

41 Please furnish the details of demand raised or

refund issued during the previous year under
any tax laws other than Income Tax Act, 1961
and Wealth tax Act, 1957 alongwith details of - NIL -
relevant proceedings.

FOR VINOD VISHAL & ASSOCIATES

CHARTERED ACCOUNTANTS
NAGPUR
DATED: 14/01/2021

VINOD HASSANI
PARTNER
M. No: 102822
S-4, Girish Heights,
Besides Bharat Talkies
Kamptee Road,
Nagpur-440001
M/s SILVER CELLULER, Nagpur
ANNEXURES TO & FORMING PART OF FORM 3CD
ASSTT. YEAR : 2015-2016

ANNEXURE – ‘1’: CLAUSE 11(a), (b) & (c)

PARTICULARS OF BOOKS OF ACCOUNTS PRESCRIBED, MAINTAINED, GENERATED
AND EXAMINED.

Books of Accounts Prescribed u/s 44AA Books of Accounts Maintained, Generated & Examined

1) Cash Book
Not Prescribed 2) Ledger
3) Journal
4) Bank Book

Note: The books of accounts of the assessee are kept at Business premises of the assessee.

ANNEXURE – 2’: CLAUSE 14(b)

SECTION 145A, AND THE EFFECT THEREOF ON PROFIT OR LOSS

In view of new VAT legislation introduced by the State Government of Maharashtra w.e.f. 01/04/2005 and
guidance note issued by ICAI for Accounting of state level VAT, The opening stock, purchases, sales and
closing stock is reported at exclusive of VAT. However there will be no effect on assessable Profit and loss
of the assessee.
M/s SILVER CELLULER, Nagpur
ANNEXURES TO & FORMING PART OF FORM 3CD
ASSTT. YEAR : 2015-2016

ANNEXURE - 3 CLAUSE 18
PARTICULARS OF DEPRECIATION ALLOWABLE AS PER INCOME TAX ACT.

Rate of Opening Additions/Put to use Sale/Transfer/Adj Depreciation Closing

Assets Depreciation Balance For the Balance
Date Amount Date Amount
% 4/1/2015 Year 3/31/2016

FLAT Purchased 0% 4823470.00 - - - - - 4,823,470.00

Activa 15% 26471.00 - - - - 3971.00 22,500.00
Computer 60% 82402.00 - - - - 49441.00 32,961.00
Mobile 15% 27458.00 - - - - 4119.00 23,339.00
Scoda Car 15% 850029.00 - - - - 127504.00 722,525.00
Motor Cycle (Karizma) 15% 45648.00 - - - - 6847.00 38,801.00
Car BMW 15% 0.00 25-Feb-16 900,000.00 - - 67500.00 832,500.00
Furniture 10% 0.00 28-May-15 100,000.00 - - 10000.00 90,000.00
10% 0.00 21-Jan-16 14,000.00 700.00 13,300.00
Refrigerator 15% 0.00 5-Mar-16 46,000.00 - - 3450.00 42,550.00
Tata Ace 15% 0.00 10-Feb-16 460,357.00 - - 34527.00 425,830.00
Printer 60% 163.00 - - - - 98.00 65.00

5,855,641.00 - 1,520,357.00 - - 308,157.00 7,067,841.00

ANNEXURE - 4 : CLAUSE 21(d) (A)& (B): AMOUNTS INADMISSIBLE U/S 40A(3)

- NIL -

Note: In respect of payments made by cheque or draft, We have to state that it is not possible for us to verify whether the payments in excess of Rs. 20000/- have been made by account payee cheque or draft as the
necessary evidence is not in the posession
Note: In respect of payments made by cheque or draft, We have to state that it is not possible for us to verify whether the payments in excess of Rs. 20000/- have been made by account payee cheque or draft as the
necessary evidence is not in the posession

ANNEXURE - '5': CLAUSE 23: PAYMENTS MADE TO PERSONS SPECIFIED UNDER SECTION 40A(2)(b)

Particulars Nature of Payment Relation Amount

BHAGWANDAS KEWALRAMANI Interest GRANDFATHER 253328.00
GRANDFATHER"S
BHAGWANDAS KEWALRAMANI HUF Interest 92307.00
HUF
KAUSHALYA KEWALRAMANI Interest GRANDMOTHER 197401.00
MANOHAR KEWALRAMANI Interest FATHER 276688.00
MANOHAR KEWALRAMANI HUF Interest FATHER'S HUF 118512.00
ASHA KEWALRAMANI Interest MOTHER 79565.00

ANNEXURE – ‘6': CLAUSE 26

LIABILITY INCURRED DURING THE PREVIOUS YEAR & PAID ON OR BEFORE THE
DUE DATE FOR FURNISHING THE RETURN OF INCOME U/S 139(1) OF INCOME TAX ACT

Particulars of Payment Balance

Sr. No. Nature of Liability Amount to be paid
Date Amount
NIL NIL

ANNEXURE – ‘7': CLAUSE 31(a) & (b)

PARTICULARS OF EACH LOANS OR DEPOSITS IN AN AMOUNT EXCEEDING THE
LIMIT SPECIFIED, TAKEN OR ACCEPTED OR REPAID DURING THE PREVIOUS YEAR:
Name and Address of the PAN No. Amt of Loan Amount of Whether Maximum Amt .
Depositor / Lender of the or Deposit Loan Repaid the Loan outstanding
Depositor Taken or during the or Deposit was at any time
Accepted year Squared up during the
during during the previous year.
the year previous year
ADROIT PHARMACEUTICALS PVT . LTD ( U/L) 7500000.00 - NO 7500000.00
BHAGWANDAS KEWALRAMANI 425000.00 2300.00 NO 1984507.00
BHAGWANDAS KEWALRAMANI(HUF) 375000.00 12200.00 NO 818800.00
BOMBAY FABRICK 2500000.00 - NO 2584375.00
GALAXY CITY DEVELOPERS (U/L) 2700000.00 2700000.00 YES 2700000.00
GALAXY (U/L) 1500000.00 1500000.00 NO 1600000.00
GHANSHYAM B. KEWALRAMANI 400000.00 4126866.00 YES 4126866.00
GHANSHYAM B KEWALRAMANI HUF 350000.00 350000.00 YES 1220636.00
INDUSTRIAL BATTERIES 2000000.00 2000000.00 YES 2000000.00
GLOBAL ASSOCIATES (U/L) 2500000.00 0.00 NO 2500000.00
KAUSHALYA B. KEWALRAMANI 405000.00 11330.00 NO 1883982.00
MANOHAR B. KEWALRAMANI 1100000.00 5000.00 NO 2194007.00
MANOHAR B KEWALRAMANI HUF 4400000 3848090.00 NO 846329.00
MEENA BHARANI 808000.00 2490.00 NO 1149441.00
SAGAR BHARANI 350000.00 350000.00 YES 350000.00
SPECTRUM (U/L) 5700000.00 3000000.00 NO 5700000.00
SUPER COMPUTER (U/L) 2000000.00 2000000.00 YES 2000000.00
UMESH MOHATA (U/L) 300000.00 2200000.00 NO 2200000.00

NOTE : - 1. NO LOAN OR DEPOSIT WAS TAKEN, ACCEPTED OR REPAID IN CASH.

2. IN RESPECT OF LOAN OR DEPOSIT TAKEN, ACCEPTED OR REPAID
DURING THE YEAR BY CHEQUE OR DRAFT IT IS NOT POSSIBLE
FOR ME TO VERIFY WHETHER THE SAME WAS BY CROSSED ACCOUNT PAYEE
CHEQUE OR DRAFT AS THE NECESSARY EVIDENCE IS NOT IN
POSSESSION OF THE ASSESSEE.

ANNEXURE – ‘8': CLAUSE 34(a)

TDS and TCS Related Details
Tax deduction and collection Account Number (TAN) (1) :- NGPA06055A
Amount of tax
Total amount on deducted or
Total amount on
Total amount on which which tax was collected not
Total amount of payment which tax was Amount of tax
tax was required to be Amount of tax deducted deducted or deposited to the
Section Nature of payment or receipt or receipt of the nature deducted or collected deducted or
deducted or collected or collected out of (6) collected at less credit of the
specified in column (3) at specified rate out collected on (8)
out of (4) than specified Central
of (5)
rate out of (7) Government out
of (6) and (8)

2 3 4 5 6 7 8 9 10

194J PROFESSIONAL 141111 141111 141111 14111 0.00 0.00 0.00

194C CHARGES
CONTRACT 2901943 2901943 2901943 52036 0.00 0.00 0.00
194A INTEREST 4385010 4385010 4385010 438502 0.00 0.00 0.00

ANNEXURE – ‘9': CLAUSE 40

Detail Financial Ratio
Preceding Previous
Particulars Previous Year
Year

Total turnover of the assessee 687,092,709.78 2,752,383,931.97

Gross profit/turnover 2.74% 0.93%
Net profit/turnover 0.59% 0.17%
Stock-in-trade/turnover 14.01% 6.92%
Material consumed/finished goods N.A N.A
produced

SIGNATURES TO ANNEXURE "1" TO "9"

VINOD VISHAL & ASSOCIATES
CHARTERED ACCOUNTANTS
PLACE: NAGPUR
DATED: 14/01/2021

VINOD HASSANI
PARTNER
[Link] 102822
 Balance in
Books
Unsecured Loan From Silver System Enterprises shown in Sundry Creditors in Books in
opening Balance 85157481.89
EMPIRE INFRA C/O MOHTA(U/L) No Balance in Books - CR Balance
Dispute A/c-Dr Balance 5125924.06
Opening Balance Difference in books-Cr Balance -99088.28
Other Balances- Cr Balance
Rashi Peripherals -124
Pawan Kewalramani 422
Karda Constructions Ltd 14850822

Balance as
SUNDRY DEBTORS per B/s
AMRAVATI 5595654
APPLE/CHANDRAPUR 105496
CHANDRAPUR 4460896.92
GADCHIROLI 6284779
GONDIA 10743867.7
INTEX MOBILE 6942766.47
ITEL MOBILE 230808.01
JIVI MOBILE 223039
KARBON MOBILE 2194108.14
LOCAL AC 26400248.71
OFFICE ACCOUNT 8575
SPICE MOBILE 134521
WARDHA 13680313.82
77005073.77
Balance
in B/s

-2000000 3125924.06
-1920599.92
-960299.960000001
-87002.7 -1146390.94
124
0
16338903

Balance
in Books Difference
3945443 1650211 Found Adjusted in dispute A/c
53196 52300 Found Adjusted in dispute A/c
3758816 702080.92 Found Adjusted in dispute A/c
6048279 236500 Found Adjusted in dispute A/c
10733656 10212 Found Adjusted in dispute A/c
5988386 954380 Found Adjusted in dispute A/c 954320 60
21671 209137.01
138521 84518 Found Adjusted in dispute A/c
2028266 165842 Found Adjusted in dispute A/c
23484822 2915427.1 Found Adjusted in dispute A/c 968048.1 1947379
48245 -39670
93251 41270 Found Adjusted in dispute A/c
13419752 260562 Found Adjusted in dispute A/c
69762304 7242770
5046524
 156000

@
-15333