186. Repeal and savings.- (1) The Income-tax Act,1922 (XI of 1922) is hereby repealed.
(2) Notwithstanding the repeal, the Income tax Act,1922 (XI of 1922), and the rules made thereunder, shall continue to apply, as if that Act had not been repealed,-
(a) to any income of, or relatable to, any period prior to the commencement of this Ordinance; and
(b) to any notice issued, or any assessment, order, application or appeal made, any proceedings commenced or any prosecution instituted, under that Act.
(3) Save as provided in sub-section (2), the repeal under sub-section (1) and enactment of this Ordinance shall, for the purposes of the General Clauses Act,1897 (X of 1897), be deemed to be repeal and re-enactment of the Income-tax Act,1922 (XI of 1922).
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