Municipal Tax on Flat given on LL as per rateable vlaue

Rajan Jha (Querist) 27 May 2011 This query is : Open
My flat in Mumbai is given on leave licence. Our CHS Society has recently sent me a notice claiming that B.M.C have levied Municipal Tax as per improved rateable value for the period 1/10/08 till 31/3/2011 and that I need to pay the same.
I understand that SC has put a stay on fixing property tax based on rateable value.
Would the learned panel kindly explain the status and since the tax levied is large Rs 2.95 lac what should I do under the circumstance.
Thanks and best regards,
Rajan Jha

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