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BBMP to Confiscate Wipro's Assets

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The New Indian Express             28.11.2013 

BBMP to Confiscate Wipro's Assets

If the BBMP’s Standing Committee on Taxation and Finance has its way, the Wipro office at Whitefield may soon be devoid of its movable property, including computers and furniture.

Committee Chairman Dr M S Shivaprasad, who visited the office on Wednesday, told Express that its built-up area is around 16 lakh sqft. “The company has to pay Rs 16.47 crore in tax. Our officials have served three notices, but in vain. Last year, it had to pay `18 crore, but it paid only Rs 5 crore after we went with drum beaters. Later, they went to the court which directed them to pay tax,” he said. The BBMP has the power to confiscate movable properties if tax defaulters do not pay even after being served three notices.

Shivaprasad said the firm prevents tax inspectors and revenue officers from entering its premises, citing security reasons. Last year, as per their condition, a survey was conducted by a third party and it revealed that the company has to pay `16.47 crore in tax, he said.

‘Wipro Officials  Refuse to Pay Up’           

Shivaprasad said senior Wipro officials refused to pay the dues. “We spent more than seven hours explaining about their dues, but they did not pay heed. Only when we left the premises, did one of the officials call us to tell they will pay Rs 5 crore.  We are not vegetable vendors to bargain,” he said.  

They also visited Vrindavan Tech Park which has 13 companies. This tech park has to pay Rs 28 crore in tax. “Mumbai-based Embassy Group is taking over Vrindavan Tech Park,” he said.