MUN.CORP.OF GR.MUMBAI vs CRESCENT BUILDERS

The Supreme Court addressed the issue of property tax assessment by the Municipal Corporation, emphasizing that the Assessing Authority must complete the assessment in accordance with the law, without being influenced by the High Court's prior findings. The Court vacated the High Court's observations regarding the method of assessment but retained the interim arrangement for the respondent to deposit 25% of the amounts due with interest. The appeal was disposed of with no order as to costs, allowing both parties to present their contentions before the Assessing Authority.