google.com, pub-6370463716499017, DIRECT, f08c47fec0942fa0 AlfaBloggers Best Bloggers Team Of Asia : Many Kingfisher Airline's Jet Aircrafts Impounded
Showing posts with label Many Kingfisher Airline's Jet Aircrafts Impounded. Show all posts
Showing posts with label Many Kingfisher Airline's Jet Aircrafts Impounded. Show all posts

Monday 10 December 2012

Many Kingfisher Airline's Jet Aircrafts Impounded





The grounded Kingfisher Airlines faced another blow when at least seven of its aircraft parked at Mumbai airport were impounded by the service tax department for its failure to pay around Rs200 crore as dues.

According to sources, the order was passed by MRR Reddy, the additional commissioner of service tax (Mumbai) on Friday.The order stated that Kingfisher Airlines has not paid an estimated Rs63 crore apart from the interest payable on it thereon. In addition, the airline also needs to pay around Rs128 crore in other dues. The airline, on its part, had approached the higher authorities to order a stay on the impounding of its aircrafts, but failed to get it.







Kingfisher's flight may not end on 31 December
Livemint
Mumbai: The last day of the year may not be the last day for the grounded KingfisherAirlines Ltd, according to a government official and an employee at the firm, although the latter admitted that the situation at the airline promoted by billionaire ...
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Livemint
Kingfisher jets impounded
Daily News & Analysis
The grounded Kingfisher Airlines faced another blow when at least seven of its aircraft parked at Mumbai airport were impounded by the service tax department for its failure to pay around Rs200 crore as dues. According to sources, the order was passed ...
See all stories on this topic »
Court asks Kingfisher Airlines to remit half its TDS dues now
Hindu Business Line
In a setback to Vijay Mallya-owned Kingfisher Airlines, the Karnataka High Court on Wednesday directed the company to deposit 50 per cent of the Rs 371 crore that it is required to remit to the Income-Tax Department as tax deducted at source (TDS) from ...
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Investors Shun Struggling Indian Air Transport Sector
Aviation International News
Policy-making paralysis over much-needed reforms and liquidity concerns raised by the grounding of Kingfisher Airlines has deterred investors, vendors, lessors and suppliers from doing business in India's air transport sector, according to delegates ...
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