KF faces income tax penalty of Rs 269 crore, prosecution

May 18, 2012 12:52

While RCB owner Vijay Mallya made all the right noises about Luke Pomersbach saying he regrets the incident and wants strict action to be taken, the Kingfisher boss has other pressing worries. A government report says Kingfisher owes Rs 269 crore to Income Tax. Penalty and prosecution proceedings have been initiated against the company.

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