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"M/s. Spectrum Infonet Private Limited PAN : AALCS5656E A.Y.2010-11 Annexure-A Reasons for the belief that income had escaped assessment As per ITD database and e-filing ITBA portal, return was filed till assessment year 2013-14 (filed on 27.09.2013) by M/s Cherry Vintrade Pvt. Ltd. Return for the assessment year was filed 02.09.2010. On perusal of both returns it is found that Shri Ashis Kumar and Shri Rahul Kumar are the directors of the company. There was no business income except other income of Rs.10,271/- for the assessment year 2010-11. And the company declared net profit of Rs. (-) 1,049/- and taxable total income of Rs. NIL for the assessment year 2010-11. Obtaining bank details of account No. 518011045909 of M/s Cherry Vintrade Pvt. Ltd. from ING Vyasa Bank Limited analyzed the same and ascertain that a sum of Rs.51 lakh was credited in the financial year 2009-10 that were received by transfer from other companies and from clearing.