Amendment status not verified — confirm the current text below against the official source.
< ' (a) in the case of land the .9:r~ omnual rent 'at which it may reasonably be expe8:8Il~-l~ft fran year to year: '.' : .-,_--- Provided that in the case of l'and aeaeeated to land-revenue or of w,hich the lan:d-ro,venue has been wholly or in ~t exa.pt.ed or. Telilitted. the Administrator may direct that the ,; «U'lllUGl value shall be deemed to be double the amount cjf the land-revenue for th&-tima being ~Jed OIl the land, whether such assessment is l~viru)le or not. or. when the land-revenue has been wh>lly or in the part exempted or nMIlitted, double 1:he amount which. but tor such exemption or r~is:Loo, would have been leviable: ,. ''': .. (b) in the case of any house Clli DU:llding the gross ClfinUdl rent·, at which aUch hou8e or blildinq. together with its appurt~l:es and any furniture that Itlay be l.,t for ~ i or, enjoyment therewith. ',may reasooablly he ~te<L to lett fran year to year the subject to' ~tbe following deductions, n~ly:-- ~ .. (i) such deduction not exceedinq twenty per centum . of the groes- annual tent os the. Mwlicipal ity may consider a reasonable allowances on account of the furniture let with the house or building~ '_ ( i i ) a' deduct, ioo of ten per centum of the balance of the groes annual rent uteJ' allowing the deduction (:if eny) , under sul>4;lawle (1) for coat of repair'S and for all othel' expenses neeeeeery to mamtain the bui'.l()'ing( iR (\ State to coaaand such gross annual rent: (iii) where land is let with a~; buLding. such deduction, not tJxceeding twenty per centua of the gross annual rent • as the Mun'icipHlity may consider reasonable on account of the actual " , ---------------- THE ANDAMAN AND NlCOBAR EXTRAORDINARY GA;zrrE, DOC" 8, 1994 45 ------------ v . " expendi t.ure , (if any) annually mourred by the owner on the' upkeep of the land :In a State to ccamand such gross annual rent . i (c) in the case of any house 0]' building the groes annual rent of which cannot be determined under clause (b) five per p,entwl of the sum \ obtained by adding the estima~ed present, cost of erecting the bui Idinq less such ~lIDOunt as the Municipal i ty may deem- reasonable to be deducted on account of depresation (if any) to the estimated ~ket value of the sitE' and any land aopertainillq to the house of buildjng; Providod that - (i) in the calculation of the annual value of any premises. no account sMll re taken of any machinery theron ; and J, , Iii) where. in the opinion of the Municipality. the annual value of any buildinq would by reason of exceptional circumstances be excessive, if calculated accordance with the foregoinq provisions 'of this section. the Municipallty may fix the annual ~alue as such less amount as appears to it equit~ble . . ' " Explanation