MUNICIPAL CORPORATION OF HYDERABAD vs P.N. MURTHY & ORS.

The Supreme Court held that under Section 202(1)(c) of the Hyderabad Municipal Corporation Act, a property must be both owned and occupied by the Corporation to be exempt from property tax. The Court clarified that 'vesting' in this context requires both title and possession. The appeal was allowed, overturning the Division Bench's decision, affirming that the Municipal Corporation is obligated to levy taxes on properties unless specifically exempted under the Act.