Thursday, February 21, 2013
Notwithstanding, Vijay Mallya faces Income-Tax Department criminal case
The court's activity came after it took cognisance of the offence under segments 276B and 278B of the I-T Act, 1962, for not transmitting Rs 74.94 crore deducted as TDS in 2009-10 monetary and Rs 23.70 crore encroached as investment for not gathering the deadline stipulated for installment.
Segment 276B involves precise detainment for at least three months and a greatest of seven years with fine.
The advancement spells brand new inconvenience for Mallya, whose carrier is tottering with a net misfortune of Rs 755.17 crore for the second from last quarter finished December 31, 2012, a period when it did not manage a solitary flight.
The I-T authorities on Tuesday had documented the criminal protest opposite the carrier and Mallya for flop to dispatch TDS for the financial 2009-10.
The I-T Department had additionally whimpered that Kingfisher owed the administration Rs 401 crore as TDS product, deducted from pay rates of its workers and from installments made to alternates in the fiscal years 2008-2012.
The following listening to could be on April 19.
Conveying a liability of practically Rs 8,000 crore and collected misfortune and liabilities of a comparative sum, Kingfisher has been crushed since October 1 the previous year after its pilots and designs went ahead a strike over non-installment of compensations.
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Posted by Aashana gupta at Thursday, February 21, 2013
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