Kings XI Punjab co-owners KPH Dream gets service tax notice

The Central Excise Department today said it has slapped a service tax of Rs 6 crorer on Preity Zinta co-owned KPH Dream Cricket, who are part owners of IPL franchise Kings XI Punjab.

Preity Zinta`s KPH Dream Cricket posts Rs 35.26cr loss in FY11

As franchisees gear up for the next IPL season, Bollywood actress Preity Zinta co-owned KPH Dream Cricket Private Ltd continues to be a loss making venture, with accumulated losses of Rs 68.08 crore in 2010-11 from three IPLs already held.