(PER : HONOURABLE MR. JUSTICE AKIL KURESHI ) While examining the petitioner's grievance about not being granted exemption from payment of property tax in terms of Section 132 of the Bombay Provincial Municipal Corporations Act, 1949, counsel for the petitioner submitted that the petitioner-Trust has never rented out properties of the Trust nor has received any rental income from such activity. On the other hand, we notice the stand of the Corporation emerging from the record and in particular from affidavit-in-reply dated 15th November 2006 filed by one Shri Kiritbhai Patel is that the petitioner Trust makes considerable profit out of renting out property. In paragraph nos. 10, 11 & 12 of such affidavit, it is Page 1 of 2 C/SCA/14756/2006 ORDER highlighted that from the balance-sheet produced by the petitioner itself, it was noticed that during the years 2000 to 2003, the petitioner's properties were rented out resulting into considerable rental income to the petitioner.
The petitioner shall produced its audited accounts for the period between 2000 to 2006. The respondent may also produced documents on the basis of which the submissions made in paragraphs 10, 11 & 12 of the affidavit-in-reply are based. S.O to 21st December 2012.
(Akil Kureshi, J.) (Ms. Sonia Gokani, J.) Page 2 of 2