>> News details.
BMC’s Property Tax Power to be tested in High Court
A third judge of the Bombay high court will hear the issue of whether the BMC can fix property tax on the basis of the steep market rents that are actually received by members of a cooperative housing society instead of the standard rent.
The matter is before a third judge after a two-judge HC bench gave a split verdict last Septem
ber in the litigation, which has been pending since 2004, between the BMC and Dalamal Towers Premises CHS. The BMC said it was entitled to calculate the rateable value relying on market rent and had in early 2000 fixed value for Dalamal Towers as Rs 53 lakh. The matter is scheduled before Justice D Y Chan
Post a Comment:
Mumbai Property Exchange. © 2007