https://www.taxtmi.com/caselaws?id=284488 Section 154(3) of the Bombay Municipal Corporation Act applies only to buildings forming part of a recognised subsidised housing scheme for industrial workers, and the Explanation requires prior consultation with the Corporation as a condition precedent. That consultation was treated as a mandatory safeguard because the concessional valuation reduces municipal revenue, so it goes to the core of the special valuation scheme rather than being a formality. As no consultation had taken place, the building could not be assessed under Section 154(3), and its rateable value had to be fixed under the general rule in Section 154(1). en-us Fri, 07 Dec 1990 00:00:00 +0530 Thu, 21 Nov 2019 10:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284488 Section 154(3) of the Bombay Municipal Corporation Act applies only to buildings forming part of a recognised subsidised housing scheme for industrial workers, and the Explanation requires prior consultation with the Corporation as a condition precedent. That consultation was treated as a mandatory safeguard because the concessional valuation reduces municipal revenue, so it goes to the core of the special valuation scheme rather than being a formality. As no consultation had taken place, the building could not be assessed under Section 154(3), and its rateable value had to be fixed under the general rule in Section 154(1). Case-Laws Indian Laws Fri, 07 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284488