Amendment status not verified — confirm the current text below against the official source.
(1) As soon as may be after the date of taking poss- Compcnsatio~l essioo of the land, the Collector shall make a3 inquiry in for pariod of the prescribed magner and determine- poss8osion. (a) in respect of any land which on tile said date was in the occupation of a tenant- (i) the annu?! rert pavable by him ; and (ii) the average net annual income, if any, after tlcducting the annual rc.nt payable by hi~n,derived by him tiuring the three years immediat6ly preceding the said date ; and (b) in respect of any other land, the average net annual income, if any, without deducting any land revenue payable, derived by the owner during the three years immediately preceding the said date. (2) There shall be payable by the Government as com- pensation on the completion of every twelve months from the date of taking possession until the date referred to in sub-section (2) of section 31- (a) in respect of such land as is referred to in clause (a) of sub-section (I), the amount determined under sub- c1au.w (i) of that clause to the .owner and the amount determined under sub-clause (ii) thereof to the tenant ; aad 434 ~&tdlm~rovemeni schema 11959 : T.N. Act 31 (b) in respect of any other land, the amount deter- mined under clause (b) of sub-section (1) to the owner. Accounts.