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Municipalities act.

(Querist) 04 January 2010 This query is : Resolved 
Whether a steel manufacturing company who took land on lease from the state government under land acquisition act is exempted from payment of property tax ??

Q.2. what is the status for same company in case of the land purchased by it in regard to property tax??
Raj Kumar Makkad (Expert) 04 January 2010
1. Yes, In the given matter it is duly exempted so far as land property is concerned.

2.Had the land purchased by this company, definitely it would have been liable to property tax.

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