SC rejects KFA's plea against HC order to pay Rs 350 cr TDS
The company had contended in its petition that the amount due is much less than the demand made by the IT Department.
New Delhi: The Supreme Court has dismissed a petition filed by Kingfisher Airlines challenging the Karnataka High Court order directing it to pay over Rs 350 crores of tax deducted at source (TDS). The company had contended in its petition that the amount due is much less than the demand made by the IT Department and the department had not given it a proper opportunity to hear its case.
It said the Department had issued notices without providing the company reasonable and sufficient opportunity of being heard. The Department had claimed that the company had illegally withheld the revenue even after deducting the said amount from various sources, including by way of TDS.
The Department, in December 2011, had demanded payment of about Rs. 372 crore as TDS from the company for the assessment years 2010-11, and 2011-12 following analysis of records.
(With additional information from PTI)