Amendment status not verified — confirm the current text below against the official source.
() Any person aggrieved by an order made by the competent authority un ler scction 3, or scction 4, or section 5, may, within a period o thirty days .ron the dalc of service of hc order, prefer an appcal to no calculated n tho manner and at a rate not exceeding thirty per cent per annum as nay be prescribed. cribed. as may be specified in thc order. Government : Payment of amoynt. Power to obtain informa to and give directions. Power to give effect to orders. Appeal. 1s PUNJAB GOVT GAZ. (EXTRA.), NOV. 17, 1975 (KARTIKA 26, 1900 SAKA) Provided that, in respect of the property the price of which js not controlled cr which is 10t new, the amount: shall not exceed a sum equal : the price which would have been paid for its replacement on the date of th acquisition, reduced by a sum equal to the depreciation of the property calculated 'n the manner and at a rate not exceeding thirty per cent per annum as may be prescribed. } Explanation.—In arriving at the price which would have been paid for the replacerent of the property, no account shall be taken of any apprecia- tion in the value thereof, after the date of requisition Provided [urther that the owner of the property or any other person interested shall have the right to appeal to the Commissioner within a period of thirty days ol the receipt of the order of competent authority determining the amount payable in respect of acquisition of the property, or within such further period as the Commissioner may, for sufficiert cause, allow, in such form and manner as may be prescribed : Provided further that where an agreement has been reached between the competent authority and the owner of the property or any other person interested thercin, the amount agreed to shall, irrespective of its quantum, be payable, unless it is revised by the Government after giving to the owner of the property or any other person interested therein a reasonable opportunity of being heard.