Bombay High Court Allows Appeal in Municipal Tax Assessment Dispute — Rateable Value Fixed Based on Actual Rent Received by Charitable Trust. Court holds that under Section 154 of the Mumbai Municipal Corporation Act, 1888, the Rateable Value of a property must be determined based on the actual rent received, not hypothetical market rent, where the property is let out and the rent is not influenced by any special relationship.
31 Mar 2006The appellant, Mangaldas N. Verma Charitable Trust, is a public charitable trust registered under the Bombay Public Trust Act, 1950. It owns a godown ...




