1  Assets taken on lease:
 
 In respect of lease transactions, which are in nature of finance
 leases, Assets taken on lease after 1st April, 2001 are accounted as
 fixed assets at fair value in accordance with Accounding Standard 19
 (AS-19) - Leases. Lease payments are apportioned between finance
 charges and reduction of the lease liability based on the implicit rate
 of return.  Assets taken on lease / licence under which all the risks
 and rewards of ownership are effectively retained by the lessor are
 classified as operating lease. Lease payments under operating leases
 are recognised as expenses in accordance with the respective lease /
 licence agreements.
 
 2.  Based on the orders of the Division Bench of the Honble High Court
 of Madras in an earlier year, the value of Freehold Land amounting to
 Rs.749.86 Lakhs has been classified as an unsecured loan under Loans and
 Advances. The Company has initiated appropriate legal action to recover
 the amount together with interest and obtained interim stay order to
 protect and secure the amount. The Company has received part amount
 under a compromise settlement. The management is confident of recovery
 of the balance amount due.
 
                                                           Previous Year 
                                             Rs. in Lakhs       Rs. in Lakhs
 
 3.  Estimated amount of contracts 
     remaining to be executed
     on capital account and not provided 
     for (net of advance)                     3,691.95        3,631.29
 
 4.  Contingent Liability not provided for :
     a) Bank Guarantee/Bond executed by the 
       Company                                  272.10          190.10
 
     b)Letter of credits opened by bankers      133.20          117.79
 
     c)Appeals filed in respect of disputed 
       demands
 
     -   Income Tax**                           924.42         1,007.73
 
     -   Luxury Tax                              29.47            29.88
 
     -   Sales Tax                               43.61            44.70
    
     -   Urban Land Tax                           7.30             7.30
 
     -   Electricity Tax and Adjustment 
         Charges                                139.34           139.34
 
     -  Service Tax                             428.43           383.85
 
 ** Demand raised by the Income Tax department against the Company by
 disallowing certain deductions/benefits/ claims made by the Company. In
 the opinion of the Company most of these demands are not maintainable
 and accordingly appeals have been preferred before the appropriate
 authorities.
 
 5. a) As the turnover of the Company includes sale of food and
 beverages, it is not possible to give quantity-wise details of the sale
 and consumption of food and beverages. The Company is exempted from
 giving these particulars for the year 2010- 11 vide Order
 No.46/41/2011-CL-III dated 20th January, 2011 issued by the Ministry of
 Corporate Affairs.
 
 c) i) Income from investments includes dividend from a subsidiary
 company of Rs.NIL (Previous Year Rs.553.57 Lakhs)
 
 ii) Income from investments represent income from long term trade
 investments amounts to Rs.21.41 lakhs (Previous year Rs.29.19 lakhs)
 
 6.  Bad debts and Advances written off is after adjusting the provision
 made in the earlier years amounting to Rs. 106.37 lakhs (previous year 
 Rs.54.14 Lakhs) 
 
 7. Expenditure on account of (i) Salaries, Wages, Bonus etc., (ii)
 Fuel, Power and Light, (iii) Repairs to Machinery, (iv) Water charges &
 (v) Other expenses are after adjusting (i) Rs.75.67 lakhs (Previous Year
 Rs.39.81 lakhs), (ii) Rs.24.32 lakhs (Previous Year Rs.34.84 lakhs), (iii)
 Rs.2.08 lakhs (Previous Year Rs.3.11 lakhs), (iv) Rs.7.63 lakhs (Previous
 Year Rs. 11.41 lakhs) and (v) Rs.44.25 lakhs (Previous Year Rs.19.62 lakhs)
 respectively recovered from outside parties.
 
 8.  The shareholders deposit represents advance for invesments in TAL
 Hotels & Resorts Limited.
 
 9.  Passage & traveling includes traveling expenses of Auditors Rs.2.10
 Lakhs (Previous Year Rs.6.85Lakhs).
 
 10. The Company is exclusively engaged in the business of hoteliering.
 This, in the context of Accounting Standard 17 on Segment Reporting
 notified by the Companies (Accounting Standards) Rules, 2006 is
 considered to constitute one single primary segment and accordingly no
 segment information as required under Accounting Standard 17 is
 furnished.
 
 11.  DISCLOSURE REQUIRMENT UNDER AS-19 - LEASE / LICENCE TRANSACTION
 
 a) The company has entered into a licensing arrangement to operate a
 hotel for a period of 40 years and thereafter renewable for a further
 period of 30 years.
 
 12. As per Accounting Standard - AS 18 Related Parties Disclosure
 notified by the Companies (Accounting Standards) Rules,2006 the
 required information are given below:
 
 Key management personnel :
 
 Key managerial personnel comprise of Managing Director who has the
 authority and the responsibility for planning, directing and
 controlling the activities of the Company. The remuneration paid to
 such director is 788.31 lakhs (Previous year 783.32 lakhs) which
 includes an amount of 735.00 Lakhs outstanding as at 31st March, 2011
 (Previous year 730.00 Lakhs)
 
 13. The Company has an investment of 730 lakhs and advances outstanding
 of 7560 lakhs in Taj Karnataka Hotels and Resorts Limited (TKHRL).
 TKHRL has accumulated losses in excess of its networth. Considering the
 inherent value of the investee companys assets and proposed financial
 restructuring, the management is of the view that there is no permanent
 or long term diminution in the value of the investment and that
 outstanding will be fully recovered after the financial restructuring.
 
 14.  As per Accounting Standard 21 on Consolidated Financial
 Statement, Accounting Standard 23 on Accounting for Investments in
 Associates in Consolidated Financial Statements and Accounting Standard
 27 on Financial Reporting of Interests in Joint Ventures referred to
 in Section 211 (3C) of the Companies Act, 1956, the Company has
 presented consolidated financial statements separately, including that
 of its subsidiary, associates and joint venture entities in this annual
 report.
 
 15.  Previous year figures have been regrouped wherever necessary.