BBMP seizes movable assets from Manyata Tech Park

BBMP seizes movable assets from Manyata Tech Park

Submitted by alvin on Mon, 2016-06-20 18:48 Bengaluru: The BBMP on Monday seized six chairs, two computers, one water purifier, sofa sets, led projector and other items from Manyata Tech Park after the Park failed to pay differential tax for two years.“The total amount they have to pay is Rs 85 crore,” said Shivaraj, chairman of finance and tax department, BBMP. “Earlier they use to pay property tax at Rs 8 per square feet saying that the tech park came under the category of non-residential buildings without central air-conditioning. But the tax was increased to Rs 10 per square feet after they realised that the building had centralised air-conditioning facility. Now, they have to pay Rs 273 crore including Rs85 crore and the penalty. We had given notices since 2014 but they ignored it.”Shivaraj said there was a hearing at the HC on Tuesday where a decision would be taken on the issue. “Until then the movable items will be under the supervision of joint commissioner Sarfaraz Khan,” he added.The chairman claimed that the BBMP had issued a notification in May 2015 ordering all assistant revenue officers to inspect and revise property tax and fix new rates for IT, BT companies having centralised air-conditioning.But Manyata Tech Park had questioned BBMP’s power to levy or increase tax on buildings classified as centrally air-conditioned. In their representation before the court, they had argued that the BBMP could only question the legality as per Rule 4 of the BBMP Property Tax Rules, 2009, which authorises the commissioner to categorise buildings based on the nature of commercial use and facilities offered so far.