Amendment status not verified — confirm the current text below against the official source.
(I) A valuation list shall be made by the pres- cribed authority in accordance with the rules framed under this Act for every rating area so as to come into force either on the first day of Aprilor the first day of October, and thereafter new valuation lists shall be made from time to time so that the interval between the dates on which one valuation list and the next succeeding valuation list respectively come into force shall be a period of five years : 1Substituted for the word “ten” by the Punjab Act No. 7 of 1965. Assessing autho- rities. ‘Making and opera- tion of valuation lists. Draft valuatjon list, g PROPERTY [1940: P Ao Xy IMMOVABL AX W 56 URB AN T ] vernment may byQ hat the ‘[Ce([ftrczcl:l (6}}? six months qp ¢ *Mg, . af u Provided t re ne N\ - ise ¢ or ch would OthEI‘Wlse e @ et)l(:: ndintel'valcorr‘;?;lg into force of any (. Cthy, the . Wo Su&e Juation lists for any rating argy, ive valu cessive : ts for > g ing area into par he divide any ra“n\%aluation list and detefminept““ s of a t%h the next following Uatiy gears in Wfilgf such parts respectively shallhz list for e':lic come into force. _— made an rovisions of any Ordep % bject to the PrEtic 1l come nto force op g (2) Subj luation lis ber as ] id, every valu first day of October, as the cag, %rf"trei: of April or the fir date on which it is finally ap. > be ynext following the hority and shall subject to th, mri’ied’by the assessing atéttfic rules made therou, dep i 1I;TOViSiOHS of this Act ith respect (o the alteration of g, cluding the D tons o the valuatlotll 11:_t) relr_n:nn in the maklr}lg '(t) is superseded by a new va (lilg lznbls. . forz([:?j)unNtLt\;ithstanding anything Co.ntall'?et ]Ig ade 'f);m;?lg B ew valuation lis y 1) or’ bsub-ze:ttlll(();it(yz)’i‘? gccordance with the PI'SVISIOns g?ffiirsl sce%tion for any rating area after the first ay of April, 1965, shall, come into force in such rating are on the first day of April : first day of October, such period shall be deemed to have been extended by six months,