Assam Taxation (on specified land) (Second Amendment) Act, 2005
No: 16 Dated: May, 06 2005
THE ASSAM TAXATION (ON SPECIFIED LANDS) (SECOND AMENDMENT) ACT, 2005
ASSAM ACT NO. XVI OF 2005
An Act to amend the Assam Taxation (On Specified Lands) Act, 1990.
Preamble:-Whereas it is expedient to amend the Assam Taxation (On Specified Lands) Act, 1990, hereinafter referred to as the principal Act, in the manner hereinafter appearing;
It is hereby enacted in the Fify-sixth Year of the Republic of India as follows:-
1. Short title, extent and commencement:- (1) This Act may be called the Assam Taxation (On Spccifiell Lands) (Second Amendment) Act, 2005.
(2) It shall have the like extent as the principal Act.
(3) It shall be deemed to have come into force on the first day of January, 2005.
2. Amendment of section 3:- In the principal Act, in section.3, after sub-section (2), a new sub-section (2A) shall be inserted, namely:-
"(2A) Notwithstanding anything contained in sub-sections (I) and (2) and subject to sub-section (3),no tax shall be levied under sub-section(!) in respect of a tea estate owned by the Assam Tea Corporation Limited for a ocriod of five years on and from 1st January, 2005 during which the total area of specified land owned or held by the Assam Tea Corporation Limited and used for or intended to be used by them during those year for growing tea and for purposcs ancillary thereto.
Provided that the State Government may, by notification in the Official Gazette, extend the period or exemption for further periods, not exceeding one year at a time, subject to such conditions and restrictions as may be specified in the said notification.''.