Amendment status not verified — confirm the current text below against the official source.
Validation and Exemption: - (1) An assessee who would have continued to be so liable to pay duty under the repealed Act, had this Act not come into force, shall be deemed to be liable ro pay tax under this Act as per me schedule appended to this Act. (2) Notw1thstaodmg anyrJung contained elsewhere in this Act - (a) Any assessee Liable to furnish return under the repealed Acts immediately before the appointed day shaLI notwithstanding that a period, in respect of which he is so liable to, furnish return, commences on and day before such appointment day- and 32 r I 33 35 Power to remove difficulries - If any difficulty arises in giving effect to the provisions of this Act, the Government may by notification or otherwise. make such provisions, not inconsistent with thrs Act, as appears to them to be necessary or expedient for removing the difficulty.