(1) Where any dealer has, in accordance with the provisions of section 7, as it stood prior to its amendment by section 7 of UP Act XIX of 1956, opted to be assessed to tax on the basis of his turnover of the previous year, he shall be assessed to tax at such rates as are prevalent during the year for which assessment is made, and if the rates of tax on any goods or class of goods are altered during such assessment year, the dealer, in respect of the turnover of such goods, shall be liable to pay tax at the altered rates, as if the altered rates were in force during the previous year also proportionately for the same number of days as they are in force during the assessment year.
(2) Notwithstanding any judgment, decree or order of any court, all assessments or orders made, actions or proceedings taken, directions issued, jurisdictions exercised or tax levied or collected by any officer or authority purporting to act under the provisions of sub-section (1) of section 7, as it stood prior to its amendment by section 7 of the UP Act XIX of 1956, shall be deemed to be good and valid in law as if such assessments, orders, actions, proceedings, directions, jurisdictions and tax have been duly made, taken, issued, exercised, levied or collected, as the case may be, under or in accordance with the said provisions of this Act, as amended by the UP Bikri Kar (Sanshodhan) Adhiniyam, 1962 (Act III of 1963) and as if the amendment so made had been in force on all material dates.
Explanation: For the purposes of this section the expression ‘previous year’ shall have the meaning assigned to it in sub-section (1) of clause (j) of section 2 of this Act, as it stood prior to its amendment by section 2 of the UP Act XIX of 1956.
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