Wednesday, January 16, 2013

SC to hear Kingfisher plea on tax demand on 21 Jan


New Delhi: The Supreme Court will on 21 January hear a petition by Kingfisher Airlines challenging a Karnataka High Court’s order to deposit 50 percent of the tax demanded by the income tax department and provide bank guarantee for the balance amount.
The bench of Chief Justice Altamas Kabir, Justice J. Chelameswar and Justice Vikramajit Sen directed the listing of the matter Monday after senior counsel Mukul Rohtagi mentioned it before the court.
While challenging the 5 December, 2012, high court order, petitioner Kingfisher Airlines, as an interim relief, has sought to restrain the income tax department from taking any coercive step against it directly or indirectly.
16/01/13 First Psot.com
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