I-T dept attaches over 30 a/cs of KFA for non-payment of dues

New Delhi: The income tax department has attached over two dozen accounts of Kingfisher Airlines last week for non-payment of tax dues to the tune of about Rs 270 crore. "Around 30-40 accounts of the cash-strapped airlines were attached two weeks back. The tax due is of around Rs 270 crore from financial year 2009-10 onwards," an income tax official said. Meanwhile in a statement, Kingfisher Airlines said, "the IT department attached two of our bank accounts on May 24 which was not in accordance with the Speaking order of the Honourable IT Appelate tribunal during the hearing. "Subsequently, in a written order of May 25, the tribunal set aside the entire demand made by the IT assessing officer. As such there are no tax dues to be currently paid and the attachment orders on two bank accounts have to be lifted", it said.
29/05/12 PTI/IBN Live

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Categories: Kingfisher May 2012