STATE TRADING CORPN. INDIA LTD. vs NEW DELHI MUNICIPAL COUNCIL

The Supreme Court addressed 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 The Court held that the concept of standard rent under the Delhi Rent Control Act, 1958 is no longer applicable, as it was struck down in Raghunandan Saran Ashok Saran (HUF) Vs. Union of India. The Court affirmed the High Court's decision that no further assessment of reasonable rent is necessary when rent is already being paid by a sub-lessee, thereby upholding the bye-law provisions for property tax assessment.