(1) A Board may, at a special meeting, pass a resolution to propose the abolition of any tax already imposed under section 138 or section 139 or a variation in the amount or rate thereof.
(2) Any such proposal shall be dealt with according to the procedure laid down in section 140 for the imposition of Procedure for abolishing or varying taxes.
80 [Act No.I of 1956] new tax, and the notification, of the abolition or variation of a tax under this section shall be conclusive proof that such abolition or variation has been made in accordance with the provisions of this Act.
(3) Notwithstanding anything contained in section 140 or in this section, the Government shall have the power to reject a proposal for the abolition of a tax or a reduction in the amount or rate thereof or to vary the amount of such reduction or to impose a reduction in lieu of abolition, by referring the proposal back to the Board for further consideration or without such reference.
142. A Board, with the previous sanction of the Government and by a resolution passed at a special meeting by a twothird majority of the whole number of members, may suspend the operation of any tax imposed under section 138 or 139 within any part of the area subject to its authority for any specified period or exempt in whole or in part from the payment of any such tax any person or class of persons or any property or description of property.