https://www.taxtmi.com/caselaws?id=168621 Annual value for municipal taxation under section 82(2) must be based on the rent the property may reasonably be expected to fetch, as controlled by the Rent Control law in force during the relevant assessment period. If fair rent has not yet been fixed by the Controller, the municipal authority must still determine it on the basis of the statutory principles governing fair rent, rather than adopt an arbitrary figure. For periods governed by an earlier Rent Control enactment, that enactment applies to the valuation. The municipality cannot enhance the assessment beyond the fair-rent limit. en-us Fri, 18 Sep 1970 00:00:00 +0530 Wed, 18 Mar 2015 11:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168621 Annual value for municipal taxation under section 82(2) must be based on the rent the property may reasonably be expected to fetch, as controlled by the Rent Control law in force during the relevant assessment period. If fair rent has not yet been fixed by the Controller, the municipal authority must still determine it on the basis of the statutory principles governing fair rent, rather than adopt an arbitrary figure. For periods governed by an earlier Rent Control enactment, that enactment applies to the valuation. The municipality cannot enhance the assessment beyond the fair-rent limit. Case-Laws Indian Laws Fri, 18 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168621