State Act
Section 144. Payment to be made to the corporation in lieu of the general tax by the Central Government or * * * the State Government as the case may be.
The Mumbai Municipal Corporation Act.
144. Payment to be made to the corporation in lieu of the general tax by the Central Government or 6[* * *] the 7[State] Government as the case may be.— (1) The 8[Central Government 9[* * * *] or the 10[State] Government, as the case may be], shall pay to the corporation annually, in lieu of the general tax from which buildings and lands vesting in 11[Government] are exempted by clause (b) of section 143, a sum ascertained in the manner provided in sub-sections (2) and (3). (2) The rateable value of the buildings and lands in 12[Brihan Mumbai] vesting in 13[Government] and beneficially occupied, in respect of which but for the said exemption, general tax would be leviable from the 14[Central Government 15[* * * *] or the 16[State] Government, as the case may be], shall be fixed by a person from time to time appointed in this behalf by the 17[State] 18[Government] with the concurrence of the corporation. The said value shall be fixed by the said person, with a general regard to the provisions hereinafter contained concerning the valuation of property assessable to property-taxes, at such amount as he shall deem to be fair reasonable. The decision of the person so appointed shall hold good for a term of five years, subject only to proportionate variation, if in the meantime the number or extent of the building and lands vesting in 19[Government] in 20[Brihan Mumbai] materially increases or decreases. 21[(2A) Where the Corporation has adopted the levy of property tax on capital value of buildings and lands, the capital value of buildings and lands in Brihan Mumbai vesting in Government and beneficially occupied, in respect of which but for said exemption, general tax would be leviable from the Central Government or the State Government, as the case may be, shall be the book value of such buildings or lands in Government records and such capital value shall hold good for a term of five years, subject only to proportionate variation, if in the meantime the number or extent of the buildings and lands vestings in Government in Brihan Mumbai materially increases or decreases.] (3) The sum to be paid annually to the corporation by the 1[Central Government 2[* * * *] or the 3[State] Government, as the case may be], shall be eight-tenth of the amount which would be payable by an ordinary owner or buildings or lands in 4[Brihan Mumbai], on account of the general tax, on a rateable value 5[or on capital value, as the case may be,] of the same amount as that fixed under sub-section (2), 6[or sub-section (2A), as the case may be].