MUNICIPAL CORPORATION OF GREATER BOMBAY vs ROYAL WESTERN INDIA TURF CLUB

The Supreme Court upheld the High Court's decision regarding the assessment of the net rateable value of a race course operated by the respondent club under the Bombay Municipal Corporation Act, 1888, specifically Section 154. The Court ruled that expenses incurred for the maintenance of the race-track are legitimate deductions for determining the net rateable value and are not covered by the statutory 10 percent deduction under Section 154(1). The appeal was dismissed, affirming the High Court's calculation of the net annual value at Rs. 1,94,175 after appropriate deductions.