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In the Law Lexicon by T.P. Mukherjee 1989 Ed. the phase "for the time being in force" has been indicated to mean as under :

"For the time being in force - The expression "any other enactment for the time being in force" means any legislation enacted whether before or after the imposition of the tax by the corporation. The general sense of the phrase "for the time being" is that of time indefinite and refers to indefinite state of facts which will arise in future and which may vary from time to time. [See Constitution of India Art. 265] D. Kasturchandji v. State, AIR (1967) M.P. 268 at 274; 1966 Lab. L.J. 1143 : 1967 M.P.L.J. 47.
The expression may refer either to a particular point of time or to several periods of time and the interpretation that is to be adopted in any particular case must depend upon the context in which the expression occurs (See Defence of India Act, 1939, Sec. 19(l)(g) E.I. Film Studio v. P.K. Mukherjee, AIR (1954) Cal. 41 at 43"

And in Venkataramaiya's Law Lexicon "Legal Maxims", as revised by Justice M.C. Desai (2nd Ed.) 1966 (Reprint), the meaning of the phrase "for the time being" is given as follows :

The general sense of the phrase "for the time being" is that of time indefinite, and refers to indefinite state of facts which will arise in future and which may vary from time to time. - See Ellison v. Thomas, (1862) 31 L.J. Ch. 867; D. Kasturchandji v. State, AIR (1967) M.P. 268 at P. 274; 1967 M.P. L.J. 47 at P. 55; 1966 Jab L.J. 1143"

We also find that in Law Lexicon by P. Ramanatha Aiyar, 2nd Ed., Reprint 2000, the expression "time being" has been indicated to mean :

"Time being, - The phrase "for the time being" may according to its context mean the time present or denote a single period of time, but its general sense is that of time indefinite, and refers to an indefinite state of facts which will arise in the future, and which may (and probably will) vary from time to time. (Ellison v. Thomas, 31 L.J. Ch.867; 32, L.J. Ch.32; Coles v. Pack, L.R.5 C.P. 65) A perusal of the meaning of the expression "for the time being" by different authors, based on decided cases makes it clear that it cannot be said that it must in every case indicate a single period of time. It may be for indefinite period of time depending upon the context in which the phrase is used. It is also evident that generally it denotes indefinite period of time, meaning thereby, the position as existing at the time of application of the rules, may be amended or un- amended. Therefore, to come to a conclusion as to whether it is for one time or for indefinite period of time, the context, purpose and the intention of the use of the phrase will have to be seen and examined.