Amendment status not verified — confirm the current text below against the official source.
In this Act, d e s s thc context othbrv!&c requires,- . (a) uamual value"' in relation to a financial year mean+ (i) in rclation to land held by a raiyat, the rent payqblq by raivat to the landlord immediately under whom he hoIda ac land : *For lhcBill, s c ~ Orixra Gazcltc, Exttaordinaiy, dnted the 13th JdY' 1992 (NO. 964) ' or Rcport or the Select Committee, scc 0 H U a GazeItc, Extraordinary, dated tho 19th wk 19R (No. 1412) Provided that in case of lands held on payment of rent- in kind or partly in cash and partly in kind, the annual value shall be calculated according to the rate of rent asscsscd for neighbollring lands of a similar description and quality and if such mcthod of calculation is, in the opinion of the Board of Rtvcnuc, impracticable in any particular casc, according to such other fair and equitable mcihcd which the Board may apFrove for the case ; aad (ii) in relation to Iand heId under lease for industrial or any other purpose, not being any mineral-bearing Iand, the rent payablc by the lessee in respect of such Iand to tbc Government. (bJ "Fund" means the Orissa Rural Employment, Education and Production Fund established undet section 6; (c) cLland" means land of whatever description which is cultivated, uncultivated or covered .with ,mrer, a d includes a11 benefits to arise out of land and things attached to lhe earth or perrnaneatIy fmtened to anything which is attached to tbe earth, but does not ,include crops of any kind, or houses, shops:or &w'bdMlngs ; . (d) "mineral-baring land" means mineral-bcadng land or quarry - held for carrying on mining operations ; (e) rpreseribed" means prescribedoby rub (f) 4'proceeds of tax" means the procceds of tax levied under seation 3 ; (g) "rules" mems rules made under this Act ; (h) "year" means the qoancid yea. ~d emp-