Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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A rent reasonableness certificate was invalid because the hiring...
Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh review.
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A rent reasonableness certificate was invalid because the hiring committee failed to consider the lease deed supplied by the petitioner and the applicable fair-rent assessment or reassessment material. The relevant norms required assessment through recognised valuation principles and prevailing market rent for private buildings leased by Central Government departments. Non-consideration of these relevant materials vitiated the certificate. The High Court quashed the certificate and directed the competent respondents to reconsider the request after considering the lease deed and applicable fair-rent assessment material within the stipulated period.
A rent reasonableness certificate was invalid because the hiring committee failed to consider the lease deed supplied by the petitioner and the applicable fair-rent assessment or reassessment material. The relevant norms required assessment through recognised valuation principles and prevailing market rent for private buildings leased by Central Government departments. Non-consideration of these relevant materials vitiated the certificate. The High Court quashed the certificate and directed the competent respondents to reconsider the request after considering the lease deed and applicable fair-rent assessment material within the stipulated period.
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