Amendment of section 79

For section 79 of the Principal Act, the following shall be substituted, namely - 79 (1) The State Government shall, from time to time by notification, specify the area where, the general valuation of lands and buildings shall be made by the Property Tax Board, in so far as they relate to the determination of annual valuation; Provided that the Property Tax Board may make, subject to such conditions as may be prescribed, the general valuation of lands and buildings in the area as aforesaid or in any part thereof under its superintendence, direction and control, and every such valuation shall be deemed to have been made by the Property Tax Board. (2) The annual valuation made by the Property Tax Board shall become operative with effect from such date, as the State Government may, by notification, appoint in this behalf and shall remain in force in respect of such area for a period of five years and may be revised thereafter at the termination of successive period of five years.