Amendment status not verified — confirm the current text below against the official source.
In the principal Act, for section 79, the following shall be substituted, namely :- “79. Determination of Annual Value of holding.- The Annual Value of holding shall be determined in accordance with the procedure described below in section 79A, 79B, 79C, 79D and 79E respectively. In the said sections, unless there is any thing repugnant to the subject or context, the following terms shall bear the meanino >------*- 1286 THE ASSAM GAZETTE, EXTRAORDINARY, MAY 25. 2011 (i) “Annual rental value” means the rent that a holding is capable of fetching over a period of one year ; (ii) “publish” means, to publish in one vernacular and in one English daily news paper predominantly in circulation in the notified area of the Municipality ; (iii) “Commercial holding” means and include any holding or part of a holding which is used as shop, market, for display and sale of goods either whole sale or retail, office, storage and service facilities incidental to the sale of goods and located in the same holding shall be included under this group ; (iv) “Industrial holding” means and include any holding or part of the holding or structure in which products or materials of all kinds and properties are fabricated, assembled or processed like assembly plants, laboratories, power plants, smoke house, refineries, gas plants, mills, dairies, factories etc.” Insertion of new sections 79A.79B 79C.79D and 79E