Amendment status not verified — confirm the current text below against the official source.
In section 123 ofthe principal Act, for proviso to sub-section (2), the following proviso shall be substituted:- "Provided that ifthe property tax, as determined under a valuation, is continued to be paid for a period beyond the expiry ofits term offive years ofthe said valuation due to non-completion of a fresh valuation, the last valid assessment list shall be deemed enhanced by ten per cent. of the annual value of the said assessment list till the new assessment list is given effect. The annual value so arrived shall be automatically increased by ten per cent. every five years, as an interim measure till new valuation list is published after completion of fresh valuation. If the property tax of any holding increases or decreases in respect ofthe preceding valuation, the increased or decreased amount ofproperty tax shall take effect from the date on which the valuation became operative under section 11 ofthe West Bengal Valuation Board Act, 1978, and the dues payable or the excess amount paid, as the case may be, shall be adjusted in such instalments as may be determined by the Corporation concerned.". By order of the Governor, PRADIP KUMAR PANJA, Pr. Secy. to the Govt. of West Bengal, Law Department. Published by Law Department, Government of West Bengal and Printed at Saraswaty Press Ltd.(Government of West Bengal Enterprise), Kolkata 700 056. West Ben. Act LVII of 1978.