Making of draft valuation list

Making of draft valuation list.--(1) The Commissioner shall at any time within six months before a valuation list is to be enforced, publish a notice, in such manner as may be prescribed, requiring every owner of a property situated in a rating area, whether existing at the time of publication of notice or coming into existence thereafter, which is chargeable or may be chargeable to tax under this Act, to furnish to the Assessing Authority a return in the prescribed form within 30 days of the publication of the notice or in case of property coming into existence thereafter within 30 days from the date of such existence.

1. (2) The Assessing Authority may at any time serve a notice in the prescribed form requiring an owner to make a return in the prescribed form within a period specified in the notice.
2. (3) After the expiry of the date specified in the notice issued under sub-section (1), the Assessing Authority shall determine the annual value of the properties on the basis of the returns received and other information and material collected by him. He may also serve on an owner a notice in the prescribed form requiring such owner to produce rental deeds or any other documents to enable him to determine the annual value.
3. (4) The Assessing Authority shall, after determining the annual value of properties, cause a draft valuation list to be prepared for each rating area and publish it in such manner as may be prescribed.
4. (5) Any person aggrieved by any entry in the draft valuation list or omission therefrom of any matter may, in the prescribed manner, lodge an objection with the Assessing Authority at any time before the expiration of thirty days from the date on which the draft valuation list is published.
5. (6) The Assessing Authority may extend the date of furnishing the return required under sub-sections (1) and (2) if he is satisfied that the owner was prevented by a sufficient cause from furnishing the return within the period prescribed or specified as the case may be.