Repeal and saving: transitional provisions preserve tax liabilities and allow continuation of investigations and proceedings post repeal.

Section 174 repeals specified provincial taxation and related Acts on commencement while providing that repeal shall not revive laws or affect the prior operation of the repealed or amended Acts; it preserves rights, obligations, liabilities and accrued taxes, allows continued recovery and enforcement, and permits investigations, assessments, adjudications and appeals to be instituted or continued as if repeal had not occurred; tax exemptions by notification shall cease as a continuing privilege if rescinded on or after the appointed day, and the section does not prejudice the general effect of repeal under the Punjab General Clauses Act.

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