1991 (12) TMI 278

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.... and from the financial year 1976-77, there shall be charged, levied and paid for each financial year a tax on the lands or buildings or both situate in a Municipality other than class IV Municipality at the rate specified in the table below - Table (i) Where the annual letting value 6 per centum of exceeds Rs. 1800 but does not exceed the annual letting value Rs. 6000. (ii) Where the annual letting value 8 1/3 per centum of the exceeds Rs. 6000 but does not exceed annual letting value Rs. 12,000. (iii) where the annual letting value 10 per centum of the exceeds Rs. 12,000 but does not exceed annual letting value Rs. 18,000. (iv) where the ann....

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....clause (b) shall be deemed to be the aggregate annual letting value of all building or lands owned by him, in the Municipality. 3. The High Court has pointed out that under the Scheme of the Act for the purpose of imposition of property tax under sub-section (1) of Section 127-A, each tenement has to be separately assessed and no tax can be levied for a building with annual letting value up to Rs. 1800. The aggregation of annual letting value of all buildings owned by a single individual could be applied only for exemption and not for taxation. The unit of tax is a building (property) and not a person. If a person owns more than one building within the urban area to which the Act is applicable, the aggregate annual letting value of all t....