https://www.taxtmi.com/caselaws?id=11732 The amended Haryana Municipal Act valuation scheme, which shifted annual value and house tax assessment from rent-based valuation to a formula linked to construction cost and land value, was treated as a permissible tax assessment method and not arbitrary under Article 14. Collector rates were accepted as a practical and reasonable basis for determining land value because they reflect market transactions, even if they may not match exact value in every case. A pre-amendment municipal resolution could not override the revised statutory regime, so the Council was bound to apply the amended provisions and directions. The municipal tax challenge therefore failed, and the revised valuation framework was sustained. en-us Mon, 17 Feb 2003 00:00:00 +0530 Sat, 06 Feb 2010 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11732 The amended Haryana Municipal Act valuation scheme, which shifted annual value and house tax assessment from rent-based valuation to a formula linked to construction cost and land value, was treated as a permissible tax assessment method and not arbitrary under Article 14. Collector rates were accepted as a practical and reasonable basis for determining land value because they reflect market transactions, even if they may not match exact value in every case. A pre-amendment municipal resolution could not override the revised statutory regime, so the Council was bound to apply the amended provisions and directions. The municipal tax challenge therefore failed, and the revised valuation framework was sustained. Case-Laws Income Tax Mon, 17 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11732