Section 8
(1) For the purposes of providing, maintaining, or continuing amenities in the Special Development Area, the Board may with the prior approval of the State Government, levy such taxed or service fee as it may consider necessary in respect of any site or building on the transferee or occupier thereof :
8. (1) For the purposes of providing, maintaining, or continuing amenities in the Special Development Area, the Board may with the prior approval of the State Government, levy such taxed or service fee as it may consider necessary in respect of any site or building on the transferee or occupier thereof :
Provided that the total incidence of such tax shall not exceed twenty -five percent of the annual value of such site or building.
Explanation :— For the purposes of this section, the expression 'annual value' shall have the same meaning s provided in Section 174 of the Uttar Pradesh Municipal Corporation Act, 1959 ;
(2) If the Board considers it necessary or expedient in the public interest it may, by a general or special order, exempt wholly or partly any such transferee or occupier or any class thereof from the taxed levied under sub -section (1).