Amendment status not verified — confirm the current text below against the official source.
(I) If the annual valuation of any land or building excceds the amounl calculated on the basis of the rent of such land or building payable to the person upon whom lhe '[property lax] on such land or building is leviable under seclion 193, such person shall be cnlilled lo receive from his lenanl lhe difference helwecn lhe umoum of lhe '[properly ui\] on such land or huilding and lhe amounl which would be leviahlc iT the 'Iproperly tax] on such land or buildi/ig were calculated on the ba.sis of lhe rent payable to him. '.ViV I .:..:n.v2 on |...i'v 6]/ wire. "TIIL- Moid s wiiliui llic square lirnckels were inserted by s. l'J(a) ol"lhe Calculla MUM id pal Com or.-;! i on (Second Amendment) Acl, l'JK-1 (Wesl Ben. Act Xlll nf 19SM). Tlic minis wiiliin die square brackets were inserted by s. l'J(b). ibid, 'Sijh-sjciKiu (-1) was inserted hv s. I-) or I lie Calculla Municipal Corporation t Aiiieiuliiiciili.-VI mi (Wesl Ben. Acl XXXII oi l'JS}). fool-mile ? cm pa^e 373. tittle. The Kolkata Municipal Corporalion Acl. 1980. <677 LIX of 1980.] '[Wesl Ben. Acl XII of I9.S6.] Payment oT '[properly lax] on lands and buildings. (Port I I'.'—■ Taxation—Chapter XII.—Powers of Taxalion and property taxes,—G. Incidence' ant! payment of property tax on lands and buildings.— Sections 195. 196.) (2) If lhc annual valuation of any land or building which is sublet exceeds lhc; amouni calculated on lhe basis of rem of such land or building payable to lhe tenant by his subtenant or to the subtenant by (lie person holding under him, llie tenant or the subtenant shall be entitled to receive from his subtenant or the person holding under him. as ihe case may he, lhc difference between any sum recovered under this Acl frnni such tenant or subtenant and the amount of 1 [properly lax] on such land or building which would he leviable if ihe annual valuation or such land or buiJding were calculated on the basis of rent payable mihe tenant by his subtenant or ilic subtenant by ihe person holding under him,