Amendment status not verified — confirm the current text below against the official source.
(1) Government may, subject to such rules as may be made in this behalf, by order reduce or remit, whether prospectively or retrospectively the Urban Immovable Property Tax payable in respect of any class of urban lands and buildings or by any class of persons and in particular the tax payable in respect of urban lands and buildings which are occupied wholly or partly by the owners themselves. (2) The Government may at any time cancel or modify any order issued under sub-section (1) and upon such cancellation the Urban Immovable Pro perty Tax shall be payable in respect of the land and building concerned with effect from the year in which such cancellation is made. Realisation