Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires,— Definitions. (a) "annual value", in relation to any year, means— (i) the cost of construction of a building or part thereof with fittings and fixtures, including the market value of the land or the proportionate market value of the land if such land relates to any part of a building, or (ii) in the case where transfer of ownership or delivery of possession of any building or part thereof is made otherwise than by way of a registered instrument, the market value of such building, excluding such amount of depreciation and cost of repair or maintenance of the building as may be prescribed. 217 The West Bengal Building Tax Act, 1996. [West Ben. Act (Section 2.) Explanation.—"Any year" shall mean the year during which a building or part thereof is constructed or during which the ownership or possession of a building or part thereof is transferred or delivered, as the case may be; (b) "building" means any house or structure of masonry or bricks, constructed wholly or partly, with four or more storeys including the ground floor, on any land— (i) owned by any person, or (ii) held by any person in his possession or control under the authority, or with the permission, of the owner of the land, where such house or structure has been constructed on or after the 1st day of April, 1980, by a person or where such house or structure has been in occupation or possession of, or in use by, a person on or after the 1st day of April, 1980; (c) "building tax" means the tax levied under section 4; (d) "Bureau" means the Bureau of Investigation referred to in section 7 of the West Bengal Sales Tax Act, 1994; (e) "owner" means any person,— West Ben. Act XLIX of