BMC's review petition rejects, orders refund of property tax
Real Estate

BMC's review petition rejects, orders refund of property tax

According to the Capital Valuation System, the Supreme Court has ordered the Brihanmumbai Municipal Corporation (BMC) to reevaluate the capital value of every property in Mumbai and reimburse residents who paid property tax for the years 2010 to 2012. (CVS).

This comes after, according to sources, the Supreme Court denied the BMC's petition for review against a Bombay High Court ruling from 2019.

The BMC was ordered to create new regulations and issue new bills after the high court overturned some rules it had created for retrospective tax assessment.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

According to the Capital Valuation System, the Supreme Court has ordered the Brihanmumbai Municipal Corporation (BMC) to reevaluate the capital value of every property in Mumbai and reimburse residents who paid property tax for the years 2010 to 2012. (CVS). This comes after, according to sources, the Supreme Court denied the BMC's petition for review against a Bombay High Court ruling from 2019. The BMC was ordered to create new regulations and issue new bills after the high court overturned some rules it had created for retrospective tax assessment.

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Green Fortress

The Reserve Bank of India's new regional office in Dehradun stands as a testament to modern architectural brilliance and blends cutting-edge technology with sustainable practices. This 18,344 sq m high-security facility is an exemplary model of eco-conscious building practices. With a goal to secure the prestigious IGBC Platinum certification, the RBI office embodies the principles of green architecture, from construction to completion.Client vision“The brief for RBI's nationally important Dehradun regional office called for a high-security facility housing India’s first automated mega-cur..

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Building Material

Relief for Birlas and cement company directors

The Gujarat High Court has halted criminal proceedings and summons issued against Kumar Mangalam Birla, his mother Rajashree Birla, and seven other directors of UltraTech Cement by a Vadodara court, following a criminal complaint. The summons had been issued on September 9 by the Vadodara chief judicial magistrate in connection with a case filed by Abhishek Shrivastava, the proprietor of Srimech Engineering. The directors of UltraTech Cement subsequently approached the High Court to challenge the summons. It was argued before the court that there had been a contract between Srimech and UltraT..

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Infrastructure Transport

Metro extension work between Badi Chaupar and Transport Nagar halted

The Jaipur Metro Rail Corporation (JMRC) has halted the extension of Metro Line 1C between Badi Chaupar and Transport Nagar for an indefinite period, according to sources familiar with the matter. A senior JMRC official stated that the decision was made following directives from the state government. The official mentioned that they had been instructed to slow down the expansion of Metro Line 1C, leading to the suspension of the project. However, the specific reasons behind this directive remain unclear, the official added, speaking on condition of anonymity. Urban Development and Housing (U..

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