The ‘Old Airport’ could soon be seized by the Secunderabad Cantonment Board for failing to pay property tax arrears even as it retains the dubious distinction of being cantonment’s biggest tax defaulter, for more than a decade.
The SCB on Saturday served Airport Authority of India Rs.1.20 crore property tax demand notice for the 2,000-acre Begumpet Airport for the present financial year. Failure to pay this year’s tax and Rs.12 crore in arrears, entitles the board to issue attachment warrants and seize property. While such warrants have been made in the past, a seize may be a distinct possibility this year given that the board is keen to more than double its fiscal tax revenue over last year.
SCB sources informed that AAI refuses to pay citing dwindling revenue since the airport does not operate commercial flights, though some tax arrears date to before 2008, when commercial operations ceased.
30/11/15 Rohit P.S./The Hindu
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The SCB on Saturday served Airport Authority of India Rs.1.20 crore property tax demand notice for the 2,000-acre Begumpet Airport for the present financial year. Failure to pay this year’s tax and Rs.12 crore in arrears, entitles the board to issue attachment warrants and seize property. While such warrants have been made in the past, a seize may be a distinct possibility this year given that the board is keen to more than double its fiscal tax revenue over last year.
SCB sources informed that AAI refuses to pay citing dwindling revenue since the airport does not operate commercial flights, though some tax arrears date to before 2008, when commercial operations ceased.
30/11/15 Rohit P.S./The Hindu
