Unless there is anything repugnant in the subject or context- (1) "Annual letting value" means- (a) [ in the City of Ahmedabad, the rateable value ... same ratio which the rent annually payable by such occupier bears to the aggregate amount of the annual letting value thereof. (4) An occupier
expression
"annual letting value" shall mean:
(i) where any building or land is let out, the annual rent for which it is
actually ... expected to let at the time of assessment, such letter rent
shall be deemed to be the annual letting value in respect of such building
Municipalities Act and M.P. Municipality (Determination of Annual Letting Value of Building/Land) Rules, 1997 (hereinafter referred to as 'the 1997Rules ... Section 126 of the Municipalities
Act provides for determination of the annual letting value of land or a building.
The procedure has been prescribed
Municipalities Act and M.P, Municipality (Determination of Annual Letting Value of Building/Land) Rules, 1997 (hereinafter referred to as 'the 1997 Rules ... Section 126 of the Municipalities Act provides for determination of the annual letting value of land or a building. The procedure has been prescribed
Bombay, and the other places therein mentioned.
Section 21 defines " annual letting value " in the City of Bombay as meaning the rateable value ... relation to annual value of land is charging a tax on income. Prima facie, a tax on the annual value of land
adoption of the said method the annual value of the property, and it is only on the annual value of the property thus determined that ... letting value. If an open land is never let out and material about its annual letting value is otherwise not available, the municipality is authorised
when it is let out as in the present case, it is to be based upon "the annual letting value". "Annual letting ... whole basis of which is an annual basis namely the annual letting value. This is clear from the provisions of Section 78(1)(d) which
unless the context otherwise requires- (i) "annual letting value" means the rateable value or annual letting value or gross annual letting value of lands ... same ratio which the rent annually payable by such occupier bears to the aggregate amount of the annual letting value thereof. 19. Person liable
annual value of property in
the following manner:
" Section 23
ANNUAL VALUE HOW DETERMINED.
(1) For the purposes of section 22 , the annual value ... that
part of the annual value (annual value being
determined in the same manner as if the property
had been let) which is proportionate
annual value on either of the basis mentioned in the
Explanation to sec. 75 , that is either the capital value or
the annual letting value ... rate on buildings only on the annual letting
value and no other value such as the capital value. The
Municipality therefore has complied with
