https://www.taxtmi.com/caselaws?id=459020 The Supreme Court of India noted that under the Urban Land (Ceiling and Regulation) Act, 1976, the competent authority could withdraw an exemption or proceed on breach of conditions, but could not recover the market value of unfulfilled tenements as arrears of land revenue unless the statute expressly authorised that recovery. An undertaking by the landholder could not enlarge statutory power, and failure to withdraw the exemption did not legitimise a monetary demand outside the Act. The later attempt to apply a 5% cap based on Shantistar Builders was rejected because that decision had been treated as prospective and did not alter the exemption conditions in the present matter. en-us Wed, 02 Sep 2020 00:00:00 +0530 Tue, 26 Nov 2024 19:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459020 The Supreme Court of India noted that under the Urban Land (Ceiling and Regulation) Act, 1976, the competent authority could withdraw an exemption or proceed on breach of conditions, but could not recover the market value of unfulfilled tenements as arrears of land revenue unless the statute expressly authorised that recovery. An undertaking by the landholder could not enlarge statutory power, and failure to withdraw the exemption did not legitimise a monetary demand outside the Act. The later attempt to apply a 5% cap based on Shantistar Builders was rejected because that decision had been treated as prospective and did not alter the exemption conditions in the present matter. Case-Laws Indian Laws Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459020