https://www.taxtmi.com/caselaws?id=5832 House tax valuation under municipal law is confined by the standard rent determinable under rent control legislation, because annual value means the reasonable rent a property may fetch from year to year. Even if no standard rent has yet been formally fixed, the assessing authority may determine it on the statutory principles for assessment, and the ceiling is not lifted by the tenant being barred by limitation from seeking fixation. The same limit applies to self-occupied premises, since annual value cannot depend on whether the building is tenanted or owner-occupied. Assessment above the determinable standard rent is impermissible. en-us Thu, 20 Dec 1979 00:00:00 +0530 Wed, 01 Jun 2016 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5832 House tax valuation under municipal law is confined by the standard rent determinable under rent control legislation, because annual value means the reasonable rent a property may fetch from year to year. Even if no standard rent has yet been formally fixed, the assessing authority may determine it on the statutory principles for assessment, and the ceiling is not lifted by the tenant being barred by limitation from seeking fixation. The same limit applies to self-occupied premises, since annual value cannot depend on whether the building is tenanted or owner-occupied. Assessment above the determinable standard rent is impermissible. Case-Laws Income Tax Thu, 20 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5832