8. Replacement of section 48A of the principal enactment

Section 48A of the principal enactment is hereby repealed and the following section substituted therefor:—

48A. The Commissioner-General shall not, commence any action under sections 42, 43,

44 or 48 of this Act, for the recovery of tax in default where a period of five years has lapsed from the completion of three months from the end of any taxable period in which the assessment by which such tax was charged or levied becomes final and conclusive under section 37.".