Arohan Financial Services Limited | Annual Report 2021-22

| 141 Annual Report | 2021-2022 Arohan Financial Services Limited Annexure A to the Independent Auditor’s Report of even date on the financial statements of Arohan Financial Services Limited for the year ended March 31, 2022. (contd.) b) According to the informationandexplanation given to us and examination of records of the Company, the outstanding dues of income-tax, goods and service tax on account of any dispute, are as follows: Name of the statute Nature of dues Amount Rs. (In Lacs) Period to which the amount relates Forum where dispute is pending Income Tax Act, 1961 Income Tax 6.18 AY 2012- 13 Income Tax Appellate Tribunal Income Tax Act, 1961 Income Tax 22.89 AY 2014- 15 Commissioner of Income Tax (Appeals) Income Tax Act, 1961 Income Tax 9.13 AY 2017- 18 Commissioner of Income Tax (Appeals) viii. According to the information and explanations given to us, there are no transactions which are not accounted in the books of account which have been surrendered or disclosed as income during the year in Tax Assessment of the Company. Also, there are no previously unrecorded income which has been now recorded in the books of account. Hence, the provision stated in paragraph 3(viii) of the Order is not applicable to the Company. ix. a) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of loans or borrowings or in payment of interest thereon to any lender. b) According to the information and explanations given to us and on the basis of our audit procedures, we report that the company has not been declared wilful defaulter byanybank or financial institution or government or anygovernment authority. c) In our opinion and according to the information explanation provided to us, money raised by way of term loans during the year have been applied for the purpose for which they were raised. d) According to the information and explanations given tous, and the procedures performed by us, and on an overall examination of the financial statements of the company, we report that no funds raised on short-term basis have been used for long-term purposes by the company. e) According to the information and explanations given to us, the Company does not have any subsidiary, Associate or Joint Venture. Accordingly, the provisions stated in paragraph clause 3 (ix)(e) of the Order are not applicable to the Company. f) According to the information and explanations given to us, the Company does not have any subsidiary, Associate or Joint Venture. Accordingly, the provisions stated in paragraph clause 3 (ix)(f) of the Order are not applicable to the Company. x. a) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, the provisions stated in paragraph 3 (x)(a) of the Order are not applicable to the Company. b) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not made any preferential Auditor’s Report