1. In Mumbai, the Year 2013 marks the dawn of property taxes being imposed, retrospectively from the year 01.04.2010, on the basis of Capital Value of the concerned property as against the earlier practice of taxation based on Rateable Value of the property. This change of regime resulted in significant increase in property tax liability of the property owners. The said change of regime was under challenge before Hon’ble Bombay High Court. 2. The main objects of introducing / shifting to the capital value system was to remove the disparities in tax liabilities between old and new properties / buildings. 3. However, it appears that after introduction of this new regime, the disparities in tax liabilities between old and new properties / buildings have increased multi fold, as the new properties (occupied and assessed post 2010) are being taxed without having any reference to old method of taxation, and the benefit of capping of tax provided u/s 140A are not ...