Amendment status not verified — confirm the current text below against the official source.
Construclwn of stzpulat1o11 f co11tract etc.- (l) Where m any contract or agreement or lease 0 Jler tramaction there is a stipu· l~tion to pay the land revenue assess t of any land or any amount in heu thereof, such stipulation shall b strued as a stipulation to pay the amount of basic tax on the said d charged and levied under this Act. (2) Where, by virtue of secho the existmg land tax charged a~d levied on any land is reduced, B. under a contract of tenancy the michavaram or rent is shown to he}lus1ve of land tax, the tenant shall be entitled to the benefit of t!feduction of the land tax.