1[(1)] Notwithstanding anything contained in the foregoing provisions of this Chapter, lands and buildings being properties of the Union shall be exempt from the property taxes specified in section 114:
Provided that nothing 2[in this sub-section] shall prevent 3[4[the Corporation]] from levying any of the said taxes on such lands and buildings to which immediately before the 26th January, 1950, they were liable or treated as liable, so long as that tax continues to be levied by 3[4[the Corporation]] on other lands and buildings.
5[Explanation.—For the purposes of this section, property owned by a Government company or a statutory corporation, which has a corporate personality of its own, shall not be deemed to be the property of the Union.]
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Footnotes in the official text
- 1.Section 119 re-numbered as sub-section (1) thereof by Act 42 of 1961, s. 8 (w.e.f. 12-9-1961).
- 2.Subs. by s. 8, ibid., for “in this section” (w.e.f. 12-9-1961).
- 3.Subs. by Delhi Act 12 of 2011, s. 2 “the Corporation” (w.e.f. 13-1-2012).
- 4.Subs. by Act 10 of 2022, s. 2, for “a Corporation” (w.e.f. 22-5-2022).
- 5.Ins. by Delhi Act 6 of 2003, s. 9 (w.e.f. 1-8-2003).
- 6.Sub-section (2) omitted by s. 9, ibid. (w.e.f. 1-8-2003).