Dear Sir
I am the owner of a hotel in Kochi, i lease the hotel to a third party on monthly rent basis. at that time the intelligence squad enter the hotel and recovered account books and bills. my tenant have no luxury tax registration. the intelligent officer charged a huge penalty of Rs. 2.5 lac and issue the order. Unfortunately the tenant cancelled the lease agreement 7 months before. now the intelligence office inform me to pay the penalty otherwise they will do the revenue recovery. pls advise me what i can do for escaping this issue.
Regards Praveen
CAclubindia
