Repeal and saving: acts under the repealed ordinance deemed valid under the amending Act as if it had commenced earlier. Repeal and saving clause repeals the Income-tax (Amendment) Ordinance, 1972, but provides a deeming clause that any act or action taken under the principal Act as amended by the Ordinance, or under specified sections of the Ordinance, shall be deemed to have been done under the principal Act as amended by this Act or under the corresponding sections of this Act, as if this Act had earlier come into force.