Repeal of statutory provision: a provision of the Finance Act is declared never to have been enacted. Section 55 of the Finance (No. 2) Act, 1971 expressly repeals Section 2 of the Finance Act, 1971 and declares that the repealed provision shall be deemed ... Summary
Repeal of statutory provision: a provision of the Finance Act is declared never to have been enacted.
Section 55 of the Finance (No. 2) Act, 1971 expressly repeals Section 2 of the Finance Act, 1971 and declares that the repealed provision shall be deemed never to have been enacted, thereby removing its legal effect and treating it as void ab initio.
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