Repeal of 1[Karnataka]1 Ordinance No. 2 of 1959 and savings.The 1[Karnataka]1 Electricity (Taxation on Consumption) Ordinance, 1959, is hereby repealed;

Notwithstanding such appeal,-

1. (i) any right, privilege, obligation or liability acquired, accrued or incurred under the said Ordinance;
2. (ii) any penalty, forfeiture or punishment incurred in respect of any offence committed against the said Ordinance; and
3. (iii) any appointment, notification, order, rule or form, made or issued or anything done or any action whatsoever taken under the said Ordinance; shall be deemed to have been acquired, accrued or incurred, or made, issued, done or taken under this Act at the relevant time. 1. Adapted by the Karnataka Adaptations of Laws Order, 1973, w.e.f.01.11.1973.