https://www.taxtmi.com/caselaws?id=174365 The Supreme Court construed Section 127-A of the Madhya Pradesh Municipalities Act, 1961 to mean that the annual letting value of multiple buildings owned by the same person in a municipality may be aggregated for both exemption and taxability. The proviso to the exemption clause was read purposively so it would not be rendered ineffective or used to defeat the municipal tax scheme. On that interpretation, where the aggregate annual letting value exceeds the statutory threshold, the properties do not remain outside the tax net merely because each unit separately falls below the limit, and the contrary view was rejected. en-us Thu, 05 Dec 1991 00:00:00 +0530 Wed, 07 Oct 2015 12:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174365 The Supreme Court construed Section 127-A of the Madhya Pradesh Municipalities Act, 1961 to mean that the annual letting value of multiple buildings owned by the same person in a municipality may be aggregated for both exemption and taxability. The proviso to the exemption clause was read purposively so it would not be rendered ineffective or used to defeat the municipal tax scheme. On that interpretation, where the aggregate annual letting value exceeds the statutory threshold, the properties do not remain outside the tax net merely because each unit separately falls below the limit, and the contrary view was rejected. Case-Laws Indian Laws Thu, 05 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174365