Lt. Col. Pr. Chaudhary (Retd.) Etc vs Municipal Corporation Of Delhi And Anr

The Supreme Court upheld the dismissal of the appellant's writ petition challenging the assessment of rateable value under Section 116 of the Delhi Municipal Corporation Act, 1957. The Court affirmed that the rateable value should be determined based on the annual rent that the property might reasonably be expected to fetch, less permissible deductions. The judgment also referenced the earlier case of Ravish Chander Rastogi, establishing that the assessment must consider the market value and reasonable cost of construction as per the Delhi Rent Control Act, 1958.