https://www.taxtmi.com/caselaws?id=168619 For municipal valuation under section 127(a) of the Calcutta Municipal Act, the annual value is confined to the rent that can lawfully and realistically be recovered, so it cannot exceed the standard rent fixed under the West Bengal Premises Rent Control Act. Rent above the statutory ceiling is irrecoverable and cannot form the basis of a hypothetical letting value. The expression "at the time of assessment" is read broadly to include events occurring during the assessment process, including objections and their determination, and those events may be considered in fixing annual value. en-us Tue, 08 Aug 1961 00:00:00 +0530 Wed, 18 Mar 2015 10:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168619 For municipal valuation under section 127(a) of the Calcutta Municipal Act, the annual value is confined to the rent that can lawfully and realistically be recovered, so it cannot exceed the standard rent fixed under the West Bengal Premises Rent Control Act. Rent above the statutory ceiling is irrecoverable and cannot form the basis of a hypothetical letting value. The expression "at the time of assessment" is read broadly to include events occurring during the assessment process, including objections and their determination, and those events may be considered in fixing annual value. Case-Laws Indian Laws Tue, 08 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168619