Repeal and saving clause preserves acts taken under the prior ordinance as valid under the amended Income-tax Act. The provision repeals the Income-tax (Amendment) Second Ordinance, 1997 and provides that, notwithstanding such repeal, anything done or any action taken ... Summary
Repeal and saving clause preserves acts taken under the prior ordinance as valid under the amended Income-tax Act.
The provision repeals the Income-tax (Amendment) Second Ordinance, 1997 and provides that, notwithstanding such repeal, anything done or any action taken under the Income-tax Act as amended by that Ordinance shall be deemed to have been done or taken under the Income-tax Act as amended by this Act, thereby validating prior acts and preserving legal continuity.
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