Gujarat Lease Financing Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Note no. 3 regarding the accounts having been prepared on going concern basis and Note no. 4 regarding non recognition of income of interest on tax refunds amounting to Rs 1047.52 lacs and short provision for tax and interest thereon of Rs 351.11 lacs.
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