State Trading Corpn. India Ltd vs New Delhi Municipal Council

The Supreme Court examined the assessment of property tax under the New Delhi Municipal Council Act, 1994, specifically Sections 60, 61, and 63. The Court held that the concept of standard rent under the Delhi Rent Control Act, 1958 is no longer applicable, as it has been struck down, and thus, the assessment must follow the provisions of the NDMC Act. The Court upheld the High Court's decision that the annual value of properties should be calculated based on the provisions of the NDMC Act rather than relying on bye-law 12, which is inconsistent with the Act.