Special court issues summons to Kingfisher Airlines chief Vijay Mallya

According to PTI sources, the Special Court for Economic Offences issues summons against Kingfisher Airlines chief Vijay Mallya on Thursday over an Income-Tax Department criminal case for not paying the TDS of Rs 74.94 crore in 2009-10 financial year. Also he had to pay additional Rs. 23.70 crore as interest alongside 74.94 crore.

The I-T department had filed the criminal complaint against the airline and Mallya on Tuesday under sections 276B and 278B of the I-T Act, 1962.

Kingfisher airlines which has a debt of nearly Rs 8,000 crore, registered a net loss of Rs 755.17 crore in the third quarter ended December 31, 2012,

Kingfisher had stopped operations since October 1, 2012.

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