Kingfisher accounts frozen again

NEW DELHI: Kingfisher Airlines’ accounts were frozen again by the IT department on Tuesday. However, the airline said that this action was not valid.

The IT department had apparently frozen the airlines’ account once again for defaulting on their payments. Kingfisher is supposed to make a weekly deposit of Rs 9 crore with the department, however for the last two weeks it could deposit only Rs 4.5 crore.

In a statement, Kingfisher clarified that the IT department’s move was not right as per the appellate tribunal’s order.

“The IT department attached two of our bank accounts on May 24 which was not in accordance with the speaking order of the IT appellate 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,” the company spokesperson said.

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