From, Mahesh R. Thakkar, 1201 / 1202, Antariksha, 12th Floor,

From, Mahesh R. Thakkar, 1201 / 1202, Antariksha, 12th Floor, Murar Road, Mulund (West), Mumbai 400 080. PAN: AAAPT5735F Date : 26.11.2009 To, The Asstt. Commissioner of Income Tax Central Circle 17 & 28 401, Aayakar Bhawan M.K. Road Mumbai-400 020. Respected Madam, Sub:

Assessment proceedings for A.Y. 2008-09 – Jewelleries.

During the course of search in June, 2007 gold jewelleries. Silver jewelleries and diamond jewelleries were found from my residence at Antariksha Tower, Mulund at Locker No.144 of Maharashtra co.op. Bank Ltd., at locker No.484 of Central Bank Of India, Locker No. 390 of Dena Bank and at Locker No. 55 of Corporation Bank. GOLD JEWELLERIES : As regards to gold jewellery total jewellery of 2802 grams was found as per the valuation reports of Income tax department appointed valuers as under : LOCKER NO. 144 484 390 55

BANK Maharashtra Co.Op. Bank, Mulund Central Bank Of India, Mulund Dena Bank, Mulund Corporation Bank, Mulund Jewellery at Residence

Name Mahesh R. Thakker & Anjani M. Thakker

Gold (Gms) 630.700

Mahesh R. Thakker & Anjani M. Thakker

373.400

Mahesh R. Thakker & Anjani M. Thakker Mahesh R. Thakker & Anjani M. Thakker

1178.100 332.700 287.500 2802.400

Total

The same belong to me, my wife Mrs. Anjani M. Thakker and my daughter Perina M. Thakker. While as per the valuation report of our approved valuer mr. Mahendra Zaveri, we hold jewelleries as under : Name Anjani M Thakker Mahesh R Thakker (item No.93) Perina M. Thakker

Gold jewelleries (Gms) 2702.90 56.00 33.00

Total

2791.90

These jewelleries are shown in the wealth tax returns filed by me and my wife Mrs. Anjani M. Thakker.

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2

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Thus, there is difference of 10 grams only. Therefore, after due verification by the search party, the entire gold jewellery was released. SILVER JEWELLERIES : With regard to silver jewelleries, 10.700 kgs. silver utensils/toys were found during the search whereas as per valuation report of Shri Mahendra Zaveri for Smt. Anjani M. Thakker 10.500 kgs. is shown. The balance difference of 0.200 grams of silver articles / toys belong to my daughter Perina M. Thakker (Mrs. Perina A. Sheth). As the physical verification report was tallied with valuation report of Shri Mahendra Zaveri, entire jewelleries were released. DIAMOND JEWELLERIES : As regard diamond jewelleries found by search party, the same belongs to me. It was tallied itemwise with valuation report of my approved valuer Mr. Mahendra Zaveri. I am enclosing herewith five reconciliation statements for (1) Locker No.484 (2) Locker No. 390 (3) Locker No. 55 (4) Locker No.144 of Maharashtra Co.op. bank, and (5) at residence giving details of Sr. No., description, amount, as per the department appointed valuer against the item number of my valuer Mr. Mahendra Zaveri. Thus the difference in diamond jewellery of Rs.3,09,547/- and one loose packet of diamond valuing Rs.7,52,000/- which was found from the locker No.494 of Shri Gulab Thakker (Ruparel) with The Bharat Co.Op. Bank (Mumbai) Ltd., the total amount comes to Rs.10,61,547/-. I am enclosing herewith a summerised statement giving the items not tallied valuing Rs.10,61,547/-. Against which I have already given disclosure of Rs.11,00,000/- for A.Y. 2007-08 and paid tax for the same. Therefore, the entire diamond jewellery was released by the search party. Thanking you, Yours faithfully,

(MAHESH R. THAKKER)