The Hindu 03.03.2010
Hyderabad Central seized, let off for property tax dues
HYDERABAD: Hyderabad Central, the mall at Punjagutta crossroads, was seized and later let off by GHMC on Tuesday after its property owner paid Rs. 1 crore as part payment out of the property tax arrears of Rs. 2.8 crore and promised to pay the remaining amount within a week. Central Zone Commissioner K. Bhaskar told presspersons on Tuesday that seizure took place after warrants were issued on the property also housing the PVR cinema.
The owner, who was not paying property tax since 2006, had given a written consent to pay the balance amount, therefore the warrant was lifted, he said.
Additional Commissioner (Finance) N. Satyanarayana said action was taken following all the due procedures as the owner had requested review of his case. “He sought tax revision as two cinema halls were vacant and fresh measurements were also made. But his request not to levy the 50 per cent hike as decided by the Government was rejected,” he explained.
