Apex court dismisses Kingfisher plea

The Supreme Court on Friday rejected Kingfisher Airlines’ plea against the Karnataka High Court’s order directing it to deposit around Rs.185 crore with the Income Tax Department as TDS from its employees’ wages.

The apex court, which had asked the cash-strapped airlines to deposit the money within four weeks, refused to extend the time limit as sought by the Kingfisher’s counsel.

The bench headed by Justice R. M. Lodha rejected the airline’s plea to give three more weeks.