I-T to return Rs 1274 cr to TS

Liquor Sales (bottles)_jpg_475x310_q85 Income Tax department has agreed to return Rs 1274 crore which was recovered from TS funds, which was due by the earlier ( united ) AP Beverages Corporation. CM KCR informed the Union Finance Minister Arun Jaitley about the wrong recovery. Besides, minister KTR, State finance secretary including Union Minister M Venkaiah Naidu also met Jaitley in this connection and complained that recovering from TS funds was incorrect. Centre has agreed to release the orders in this connection shortly.

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