I-T Dept to file SLP against KFA in SC

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ENS Economic Bureau: New Delhi, Oct 30 2012, 03:08 IST

The revenue department is planning to file a special leave petition (SLP) in the Supreme Court for recovering dues worth Rs 330 crore from Kingfisher Airlines. The move comes in wake of the September 26 order of the Karnataka High Court that restrained the income tax department from making further recovery from the airline.

The SLP will be filed jointly by the Central Board of Direct Taxes (CBDT) and Central Board of Customs and Excise (CBEC) seeking recovery of the pending dues. At the same time it will also apprise the Supreme Court of the magnitude of the dues to the government. Following the High Court order, the I-T department had lifted its attachment orders on the airline’s bank accounts. An SLP is filed for taking special permission from the apex court to be heard in appeal against any High Court or tribunal verdict. The I-T department has to recover around Rs 269 crore from the airline while the service tax department has to recover Rs 60 crore. The decision to move the SLP was taken in a meeting held on October 10 while the note for the same was drafted last week. The SLP will be moved by the chief commissioner income tax Bangalore.

“We are still waiting for the inputs from the service tax department. The petition would be filed as soon as we get their reply, may be by the end of this week,” a source said.

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