Vijay Mallya may be prosecuted

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The indirect tax department on Thursday hinted that Vijay Mallya, owner of the grounded Kingfisher Airlines, may face prosecution in a service tax evasion case.
“Prosecution is definitely a provision there in the Act. And that decision of taking action on Kingfisher owner for not paying service tax arrears will be taken by the concerned commissioner,” Lipika Majumdar Roy Chowdhury, member of the Central Board of Excise and Customs, told reporters here.
“The commissioners are trying their best to recover the amount and some amounts have been recovered. But there were several show-cause notices which are in the process of adjudication,” she said.