Municipal Corporation Of Greater ... vs Kamla Mills Ltd

The Supreme Court addressed the issue of whether a Municipal Corporation can assess the rateable value of land after the demolition of a building for new construction, specifically under the context of municipal taxation. The Court held that the Corporation is entitled to assess the land's rateable value based on its market value, even if the construction is not completed, as per the provisions of the relevant municipal laws. The judgment clarified that the assessment can be based on the potential of the land for construction, thereby upholding the revised rateable value set by the Corporation.