Wednesday, 23 September 2015

Sale proceeds of auctioned Airplane to be deposited in Court for recovery of service-tax dues of 'Ki

Service Tax : With a view to recover service tax dues pertaining to Kingfisher, Bombay High Court allowed auction of aircraft taken on 'finance lease' by Kingfisher but, in view of lessor's contention that aircraft is lessor's property, sale proceeds were directed to be deposited into Court

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