(1) With the coming into force of this Act, the Income-tax Ordinance, 1984 (Ordinance No. XXXVI of 1984), hereinafter referred to as the repealed Ordinance, shall be hereby repealed
(2) Notwithstanding such repeal, under the repealed Ordinance-
(a) any act done, any measure taken or any proceeding instituted shall be deemed to have been done, taken or instituted under this Act;
(b) any proceedings made or proceedings incomplete, or pending, shall be carried out as if they had been instituted or initiated under this Act;
(c) any rule made or order or direction issued or notification or policy issued or notice published or any other legal instrument executed, in force immediately before such repeal, shall, subject to consistency with this Act, remain in force until it is repealed or amended under this Act. shall remain in force; and
(d) if any suit or legal proceeding pending in any Court, shall be disposed of as if the said Ordinance had not been repealed.