Amendment status not verified — confirm the current text below against the official source.
(1) If the annual value of any land or building exceeds the amount of rent of such land or building payable to the person upon whom the consolidated rate on such land or building is leviable under section 116, such person shall be entitled to receive from his tenant the difference between the amount of the consolidated rate on such land or building and the amount which would be leviable if the consolidated rate on such land or building were calculated on the basis of the rent payable to him. Incidence of consolidated rate of lands and buildings. Cases of annual value of land or building exceeding the amount of rent of such land or building. 307 The Siliguri Municipal Corporation Act, 1990. [West Ben. Act (Part V.—Chapter IX.—Municipal Taxation.—C. Valuation and Assessment List.-Sections 118-120.) (2) If the annual value of any land or building which is sublet exceeds the amount of rent of such land or building payable to the tenant by his sub-tenant or to the sub-tenant by the person holding under him, the tenant or the sub-tenant shall be entitled to receive from his sub-tenant or the person holding under him, as the case may be, the difference between any sum recovered under this Act from such tenant or sub-tenant and the amount of consolidated rate on such land or building which would be leviable if the annual valuation of such land or building were equal to the difference between the amount of rent which such tenant or sub-tenant receives and the amount of rent he pays. Recovery of sum due on account of consolidated rate on lands and buildings from occupiers. Payment of consolidated rate in quarterly instalments. Consoli- dated rate in a bustee.