https://www.taxtmi.com/caselaws?id=188608 Under Section 3(1)(b) of the Punjab Municipal Act, the annual value for house-tax purposes is the gross annual rent at which a building may reasonably be expected to let from year to year. That standard of reasonableness must be read with rent-control law, so a landlord cannot reasonably be expected to let at a rent above the legally recoverable standard rent. The SC treated illegal excess rent as outside the assessment base and relied on the binding standard-rent line of authority, reinforced by the statutory prohibition on recovering higher rent and its penal consequences. The assessment based on actual rent was therefore not accepted, and standard rent operated as the ceiling for rating. en-us Fri, 24 Sep 1976 00:00:00 +0530 Thu, 08 Dec 2016 17:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188608 Under Section 3(1)(b) of the Punjab Municipal Act, the annual value for house-tax purposes is the gross annual rent at which a building may reasonably be expected to let from year to year. That standard of reasonableness must be read with rent-control law, so a landlord cannot reasonably be expected to let at a rent above the legally recoverable standard rent. The SC treated illegal excess rent as outside the assessment base and relied on the binding standard-rent line of authority, reinforced by the statutory prohibition on recovering higher rent and its penal consequences. The assessment based on actual rent was therefore not accepted, and standard rent operated as the ceiling for rating. Case-Laws Indian Laws Fri, 24 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188608