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This is an archive article published on February 11, 1999

Tax man knocks at builder8217;s door

PUNE, Feb 10: The tax assessment department of Pune Municipal Corporation today raided the house and business establishment of a prominen...

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PUNE, Feb 10: The tax assessment department of Pune Municipal Corporation today raided the house and business establishment of a prominent builder and recovered tax arrears of about Rs 24 lakh.

Sources said the builder had not paid any taxes on a property in Erandwane and Bibwewadi for the last nine years. The department stopped the action when the builder expressed his readiness to pay all the arrears. Later, he handed over two post-dated cheques to the officials.

Taking serious note of sinking funds of the corporation, the department has undertaken a special drive to recover the arrears. The department so far has recovered a huge amount of arrears from a multi-national company, a hotel owner and also another prominent builder and a doctor.

The official sources said the department had recovered Rs 54 crore as against the target of Rs 73 crore. The sources said the department would succeed in achieving the target by the end of current financial year.

 

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