Notification levying Institution and Building tax in Punjab quashed being unconstitutional

0 comments Saturday, February 2, 2013

Punjab & Haryana High Court in KRBL Limited vs State of Punjab CWP No. 12965 of 2012 decided on 25th January, 2013 has quashed the notification u/s 3 of Punjab(Institutional and other Buildings) Tax Act, 2011 and the consequential notices issued persuant thereto, levying tax @ Rs. 1 per sq, foot on the basis of floor area on Institutions and Buildings situated outside the municipal areas within Punjab. However the Hon'ble court upheld the constitutional validity of section 3 of the said Act.  

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