Intel To Pay Rs 16.5 Cr Property Tax In Bengaluru

Bengaluru: Global chip maker Intel would pay Rs 16.5 crore by August 28, as directed by the Karnataka High Court, to the city’s civic corporation towards property tax arrears, an official said on Monday.

Confirming the development, an Intel India spokesman said the company would comply with the court’s interim order, which it obtained on challenging the BBMP notice but declined to elaborate, as the issue was sub-judice.

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.

The corporation also threatened to dump truck loads of garbage in the company’s campus, located in the city’s eastern suburb on the outer ring road, if it did not rpt not pays the amount by August 28, to expose it as a property tax defaulter.

IANS