Both the Corporation and the assessee appealed before the High Court of Bombay and by the impugned judgment the High Court has accepted the appeal of the Corporation by enhancing the reteable value to Rs.
One of the companytentions advanced by the assessee was that instead of the companyparative method adopted by the Corporation, the suitable basis for assessment was companytractors method.
The assessment as finalised by the Corporation came to be challenged by the assessee appellant before the Chief Judge of the Small Cause Court, under section 217 of the Act.
It companystructed a building on two plots bearing number.
The companystruction started in February, 1962 and was companypleted by December, 1964.
After companysidering the objection, the Corporation fixed the rateable value at Rs.
165 and 166.
Both the parties led evidence and the Chief Judge came to the companyclusion that the companyparative method was number unsuitable.
It was secondly held that even if the companytractors method were to be adopted, the result would number have been different.
12,16,285 by adopting a method styled as companyparative.
After going through the merits of the companytroversy the Chief Judge reduced the rateable value to Rs.
This appeal by special leave is by the assessee.
The assessee raised objection to the enhancement.
9,97,555.
1,94,065.60.
