SC set aside rule levying Property Tax on Vacant land based on Development Potential

Municipal Corporation of Greater Mumbai & Ors. Vs Property Owners’ Association & Ors. (Supreme Court of India) The CJI bench of Supreme Court in this case was dealing with the levy of property tax in Greater Mumbai which had been changed from ratable value to capital value system by virtue of amendments made to the Municipal Corporation Act. The capital value system effected several property owners particularly Indian Hotels Co Ltd  whose tax for a property went up from Rs 6.29 crores to Rs17.78 crores. Multiple challenges were made including on account of the law being ultra vires....