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N.K.Assumi (Advocate)     25 December 2009

What is Savings?

In majority of the Acts passed by the Legislature we find a provision known as Savings, especially in taxes, excise etc. For example in one of the Act the Savings reads as under:

SAVINGS. All powers, rights and duties given by this Act shall be in addition to and not in derogation of any powers, rights and duties conferred by any other Act, Laws or custom and all such other powers, rights and duties may be exercised and put in force in the manner by the same authority as if this Act has not been passed.


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 4 Replies

N.K.Assumi (Advocate)     25 December 2009

So what is the meaning of that Savings.

Suchitra. S (Advocate)     25 December 2009

Sir, pl go through the link below:

 

https://law.jrank.org/pages/10009/Saving-Clause.html

N.K.Assumi (Advocate)     25 December 2009

Thank you Suchitra.

N.K.Assumi (Advocate)     25 December 2009

Hi Suchitra, I am enjoying the link. That was something like a Christmas gift from you. Its a supreb link, thank you.


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