Amendment of section 110.

In section 110 of the principal Act, in sub-section (2),- (a) the words "notified by the State Government as the" shall be omitted; (b) for the first proviso, the following proviso shall be substituted: "Provided that if for any reason it is not possible to complete the work of a general valuation within the period before the term of the last preceding valuation expires, 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. The new assessment list, after being notified under this section shall take effect retrospectively from the day succeeding the date on which the term of last preceding assessment list expired and the arrear or overpayment, if any, shall be adjusted through one-time payment or in such installments as may be determined by the Board of Councillors of the Municipality concerned:".