https://www.taxtmi.com/caselaws?id=278392 Urban land tax under Entry 49 of List II was examined as a levy on lands and buildings, and the use of market value as the measure of tax was held not to convert it into a Union levy on capital value under Entry 86 of List I. The charging provision was also not struck down as confiscatory, unreasonable, or invalid merely because it operated retrospectively. However, Section 6 was found unconstitutional because it gave assessing authorities unguided discretion to determine market value without statutory standards, creating scope for arbitrary and unequal assessment. The levy survived in principle, but the valuation machinery failed constitutional scrutiny under Articles 14 and 19(1)(f). en-us Wed, 10 Apr 1968 00:00:00 +0530 Wed, 30 Jan 2019 14:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278392 Urban land tax under Entry 49 of List II was examined as a levy on lands and buildings, and the use of market value as the measure of tax was held not to convert it into a Union levy on capital value under Entry 86 of List I. The charging provision was also not struck down as confiscatory, unreasonable, or invalid merely because it operated retrospectively. However, Section 6 was found unconstitutional because it gave assessing authorities unguided discretion to determine market value without statutory standards, creating scope for arbitrary and unequal assessment. The levy survived in principle, but the valuation machinery failed constitutional scrutiny under Articles 14 and 19(1)(f). Case-Laws VAT and Sales Tax Wed, 10 Apr 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278392