Repeal and savings: transitional safeguards preserve pre-existing tax liabilities, proceedings and enforceability despite statutory repeal. Section 174 repeals specified state taxation enactments on commencement while preserving pre-existing legal effects: it prevents revival of prior law, preserves rights, privileges, obligations and liabilities accrued under the repealed or amended Acts, sustains enforceability of taxes, surcharges, penalties, fines, interest, forfeitures and punishments, and permits continuation or institution of investigations, assessments, adjudications and appeals as if repeal had not occurred; a proviso disallows continuation of rescinded investment-linked tax exemptions on or after the appointed day.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal and savings: transitional safeguards preserve pre-existing tax liabilities, proceedings and enforceability despite statutory repeal.
Section 174 repeals specified state taxation enactments on commencement while preserving pre-existing legal effects: it prevents revival of prior law, preserves rights, privileges, obligations and liabilities accrued under the repealed or amended Acts, sustains enforceability of taxes, surcharges, penalties, fines, interest, forfeitures and punishments, and permits continuation or institution of investigations, assessments, adjudications and appeals as if repeal had not occurred; a proviso disallows continuation of rescinded investment-linked tax exemptions on or after the appointed day.
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