Amendment of section 56.

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....bsp;              (B) brother or sister of the individual;                 (C) brother or sister of the spouse of the individual;                 (D) brother or sister of either of the parents of the individual;                 (E) any lineal ascendant or descendant of the individual;                 (F) any lineal ascendant or descendant of the spouse of the individual;....

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....nbsp;   (ii) as may be substantiated by the company to the satisfaction of the Assessing Officer, based on the value, on the date of issue of shares, of its assets, including intangible assets being goodwill, know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature, whichever is higher;       (b) "venture capital company", "venture capital fund" and "venture capital undertaking" shall have the meanings respectively assigned to them in clause (a), clause (b) and clause (c) of Explanation 1 to clause (23FB) of section 10;'. - Clause 21 of the Bill seeks to amend section 56 of the Income-tax Act relating to income from other source....