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All About Belgaum

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Payment of 5 crore property tax stopped by Hindalco

Jan 31, 2016 by Editor Jan 31, 2016 Leave a Comment

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It was a major news recently when the Belagavi city corporation was handed over a cheque of 5 Crores as payment of property tax. The dues as per the Corporation were 5.63 crores but as first installment5crore hindlaco cheque a cheque of Rs.5 crore was handed over to Commissioner Prabhu on January 23.

But now Sakal reports that the same has been stopped for payment by Hindalco and a stop payment letter has been handed over to Syndicate bank Yamnapur Branch.

The cheque was dated January 30, but when the corporation got the news that Hindalco has approached the court against the Self assessment of property tax and hence they have stopped the payment of the said cheque.

Source: Sakal

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About Editor

Writes about the cozy town of Belagavi and captures all the important happenings of the city. Since 2007 have been writing on AllaboutBelagum on varied topics and impactful stories.

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