Monday, October 29, 2012

Kingfisher Airlines may face more trouble over Revenue Dept's Rs 330 cr dues

New Delhi:  Kingfisher Airlines which days ago emerged out of an impasse over salary payment to its staff, is likely to face more trouble soon with the Revenue Department deciding to move the Supreme Court to expedite recovery of about Rs 330 crore dues.
The department's decision to move a Special Leave Petition comes in the backdrop of the Airports Authority of India (AAI) also asking it to vacate two hangars in Kolkata and Chennai airports to recover dues worth Rs 293 crore, official sources said.
The SLP, which is to be filed jointly by the Income Tax and Service Tax departments, would apprise the apex court "of the magnitude of pending dues to the government" and seek vacation of a September 26 Karnataka High Court order restraining the I-T department from making "further recovery".
Following this, the I-T department had lifted its attachment orders on the airline's bank accounts. While the I-T department dues stand at around Rs 269 crore, the airline owes Rs 60 crore to Service Tax department.
29/1`0/12 PTI/Economic Times
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