Bombay High Court rules in favour of BMC
In the ongoing tussle, the Bombay high court has settled a long-pending property tax row in favour of the Brihanmumbai Municipal Corporation (BMC).
The court ruled that the civic body can fix property tax on the building based on the actual rent charged. The verdict is the latest in the saga of tax tussle between Dalamal Towers and BMC, following a split verdict by a two-judge High Court bench last September.
Following the ruling, the BMC is entitled as assessee to consider the actual market rent when calculating the rateable value on which the tax is based. However, the verdict is expected to be challenged in the Supreme Court.
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