Karnataka High Court has directed global chip maker Intel to pay INR 16.5 crore to the Bengaluru’s civic corporation towards property tax arrears by August 28.
“Intel India gave in writing that it would abide by the High Court order to pay 50 per cent of the INR 34 crore it owes to us by August 28,” IANS report published in ET quoted Bruhat Bengaluru Mahanagara Palike (BBMP) spokesman S.S. Khandre as saying.
“Though Intel India paid property tax partly on its campus as per its estimates under the self-assessment scheme, we served a notice to it, conveying that as per our calculations, it has to pay INR 34 crore property tax, including arrears for the land it acquired and had built its product development office,” Khandre recalled.
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BBMP and Intel India subsidiary, however, did not share details of the notice served, when the latter challenged it in the High Court and the interim order was given to pay 50 per cent of the tax plus arrears.
“Our Mahadevapura joint commissioner Muni Veerapppa went to Intel office earlier in the day to collect the amount as per the court order, which said it (amount) should be paid by, and not on, August 28,” Khandre pointed out.