Repeal and saving preserves actions under the prior ordinance by deeming them valid under the new Act. The Income-tax (Amendment) Ordinance, 1965 is repealed, but anything done or any action taken under the Ordinance is deemed to have been done or taken under the Income-tax (Amendment) Act, 1965 as if that Act had commenced on the sixth day of January, 1965, thereby preserving the legal effect of prior acts and ensuring transitional statutory continuity.