Filing of SLP against the vacation of stay of
recovery proceedings granted by the Karnataka High Court in the case of
Kingfisher Airlines
Letter, dated 19-10-2012
Kindly refer to the above.
2. In this regard, I am directed to submit as under:
A Joint meeting of CBEC and CBDT was held on 10th Oct.,
2012, under the Convenorship of Chairperson, CBDT regarding appropriate
steps to be taken for recovery of taxes due from M/s. Kingfisher
Airlines Ltd. (KFA). It was informed that the Karnataka High Court
vide order dated 26-9-2012 have restrained the Department from
making further recovery and have permitted KFA to operate their
accounts. As a result, the Income Tax Department has lifted the
attachments of various bank accounts of KFA.
3. Accordingly, it has been decided in the meeting
that a proposal should be moved by the CCIT(CCA) Bangalore for filing
SLP against the vacation of stay of recovery proceedings granted by the
Karnataka High Court. The SLP proposal should also contain the details
of service tax dues against KFA (requisite details may be obtained from
CBEC) so as to apprise the court of the magnitude of pending dues to the
Government.
4. In view of the above, it is requested that the needful may be done at the earliest and report be submitted to the Board.
