Effect of repeal: ongoing tax liabilities and proceedings continue unaffected and may be enforced under the repealed law. Repeal does not disturb pre-existing rights, liabilities, investigations, assessments, adjudications or enforcement; taxes, surcharges, penalties, fines, ... Summary
Effect of repeal: ongoing tax liabilities and proceedings continue unaffected and may be enforced under the repealed law.
Repeal does not disturb pre-existing rights, liabilities, investigations, assessments, adjudications or enforcement; taxes, surcharges, penalties, fines, interest and forfeitures may be levied or proceedings continued as if the repealed Acts remained in force. Investment exemptions notified may cease if rescinded on or after the appointed day. The State Government may notify adaptations or specify competent authorities to exercise functions under repealed laws. Time limits in repealed Acts do not prevent assessments or reassessments to give effect to findings, orders or to rectify errors, provided such action is made within the time specified by the repealed enactments.
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