https://www.taxtmi.com/caselaws?id=171110 A municipal valuation statute that assigns annual value assessment to the Corporation does not permit a court to make a fresh valuation itself after the original valuation is cancelled. Cancellation of the valuation ends the original assessment; the statutory mechanism then depends on fresh valuation by the Corporation within the prescribed time, not on a court-directed substitute valuation. Revised valuation applies only where an existing valuation is modified, and cannot be used to authorise a new valuation by the court. The majority therefore treated the High Court's remand as contrary to the statute, while the dissent would have upheld remand for ascertainment of annual value under the correct provision. en-us Thu, 19 Aug 1965 00:00:00 +0530 Fri, 10 Jul 2015 12:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171110 A municipal valuation statute that assigns annual value assessment to the Corporation does not permit a court to make a fresh valuation itself after the original valuation is cancelled. Cancellation of the valuation ends the original assessment; the statutory mechanism then depends on fresh valuation by the Corporation within the prescribed time, not on a court-directed substitute valuation. Revised valuation applies only where an existing valuation is modified, and cannot be used to authorise a new valuation by the court. The majority therefore treated the High Court's remand as contrary to the statute, while the dissent would have upheld remand for ascertainment of annual value under the correct provision. Case-Laws Indian Laws Thu, 19 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171110