- The ongoing tax disputes between the PMC and mobile tower companies have been causing quite a stir for years now. With a legal case hanging in the balance, tensions are running high as the state government throws a curveball into the mix.
- The PMC had set its sights on collecting ₹2,700 crore in property tax revenue for the current fiscal year (2024-25), and they’ve already managed to snag over ₹1,700 crore. However, with the deadline looming, they’re now exploring the option of auctioning off seized properties to make up the shortfall.
- The mounting arrears, which have piled up to a whopping ₹3,500 crore, are largely due to mobile companies failing to cough up their fair share of taxes over the years. It’s no wonder the PMC is feeling the pressure to find a solution.
- In a bid to get the ball rolling on recovering these unpaid taxes, the PMC is turning to the state government for guidance on how to proceed. With so much at stake, it’s clear that both sides will need to come to the table and hash out a plan sooner rather than later.
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