Concession in respect of owner occupied buildings

26. Concession in respect of owner occupied buildings. - (1) Where any building is occupied wholly by the owner for residential purposes only and where such owner makes an application to the Urban Land Tax Officer, that officer shall, subject to such rules as may be made in this behalf and after satisfying himself about the facts stated in the application, reduce by twenty-five per centum the amount of urban land tax payable on the urban land on which the building has been constructed and on the urban land appurtenant to such building. (2) The application under sub-section (1) shall be made in such form and within such period as may be prescribed.