( 1 ) THE petitioner is aggrieved by an order of assessment dated 28. 7. 95 assessing the property No. 17- 18, Nehru Place to property tax for the period commencing 1. 4. 88.

( 2 ) THE relevant part of the order assessing the rateable value of the property is extracted and reproduced as under :-

"rateable Value is fixed as under :- FF has been let out to M/s. Modi Rubber Ltd. at the monthly rent of Rs. 71,139. 00 w. e. f. 12. 12. 89. Besides Rs. 28,445. 60 monthly charge for air conditioning equipment hire Rs. 14,227. 80 on a/c of maintenance of open area. These are considered to be the rent. Apart from above the tenant has given a sum of Rs. 6,82,934. 40, as security deposit. Interest on security is considered as rent thus the total rent including interest on security comes to Rs. 1,22,359. 00. SF is let out to M/s. Bombay Types International Ltd. on the same conditions as aforesaid. The rent including interest on security of Rs. 8,94,614. 00 comes to Rs. 1,60,285. 00. GF was let out to M/s. Modi Olivetti Ltd. on the same terms and conditions including interest on securities of Rs. 6,68,534. 00. The rent thus, comes to Rs. 1,19,787. 00. In this way total rent works