Section 2
SEC. 2. Section fifty-six of said Act is hereby amended to read as follows: "SEC. 56. Tin: board of tax appeals shall meet on the second Monday in January of each year and shall hear all appeals duly powers transmitted to it, and shall decide the same forthwith. It shall have authority to cause to be amended the listing and valuation of the property in respect to which any complaint is made by order signed by the board or a majority thereof, and transmit it to the city assessor and collector, who shall amend the tax list in conformity with said order. It shall also have power to revise and correct, with the approval of the Executive Secretary first had, any and all erroneous or unjust assessments and valuations for taxation, and make a correct and just, assessment, and state the true valuation in Philippine currency, in each case where it decides that the assessment, previously made is erroneous or unjust. The list when so corrected shall be as lawful and valid for all purposes as though the assessment had been made within the time herein prescribed. Such reassessment, and revaluation shall be made on due notice to the individual concerned and he shall be entitled to be heard by the hoard of tax appeals before any reassessment or revaluation is made. If he is dissatisfied with the action of the board of tax appeals he Appeal. may appeal to the Executive Secretary, whose decision shall be final. The Executive Secretary may also, by direction of the Governor-General on his own initiative, make such revision or revaluation as in his opinion the circumstances justify."