Repeal of a statutory provision removes the specified section of the Finance Act and treats it as never enacted. Section 126 effects the repeal of the provision previously enacted as Section 2 of the Finance Act, 1991 and declares that provision to be deemed never to ... Summary
Repeal of a statutory provision removes the specified section of the Finance Act and treats it as never enacted.
Section 126 effects the repeal of the provision previously enacted as Section 2 of the Finance Act, 1991 and declares that provision to be deemed never to have been enacted, removing it from the statute book and treating it as if it had no legal existence from the moment of its original enactment.
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