https://www.taxtmi.com/caselaws?id=39942 A tax on urban land assessed by reference to market value was treated as a levy on lands and buildings within entry 49 of List II, not a tax on the capital value of assets under entry 86 of List I, because its true character was a direct tax on land. The valuation and assessment scheme under section 6 was upheld under Article 14 as objective and procedurally safeguarded, with notice, enquiry, hearing, appeal, revision and rectification. The levy, including its retrospective operation, was also held not to impose an unreasonable restriction under Article 19(1)(f), the Court finding it neither confiscatory nor constitutionally forbidden. en-us Fri, 11 Apr 1969 00:00:00 +0530 Mon, 11 Aug 2014 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39942 A tax on urban land assessed by reference to market value was treated as a levy on lands and buildings within entry 49 of List II, not a tax on the capital value of assets under entry 86 of List I, because its true character was a direct tax on land. The valuation and assessment scheme under section 6 was upheld under Article 14 as objective and procedurally safeguarded, with notice, enquiry, hearing, appeal, revision and rectification. The levy, including its retrospective operation, was also held not to impose an unreasonable restriction under Article 19(1)(f), the Court finding it neither confiscatory nor constitutionally forbidden. Case-Laws Indian Laws Fri, 11 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39942