The government today said that tax amounting to Rs 248.76 crore is outstanding against the country's largest realty firm DLF as on December 2010. ".as on December 31-12-2010,a total sum of Rs 248.76 crore is outstanding in the case of DLF Ltd for various assessment years," Minister of State for Finance S S Palanimanickam said in a written reply to Rajya Sabha. The minister was replying to a query whether Income Tax Department has sought Rs 1,180 crore as tax from DLF and its 22 subsidiary companies. The national capital-based DLF currently has a land bank of about 400 million sq ft of saleable area,of which 56 million sq ft is under construction.
