Amendment of section 2

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....ubsequent assessment year", the words, figures and letters "but before the 1st day of April, 1993" shall be inserted; (b) after clause (e), the following clause shall be inserted, namely :- '(ea) "assets", in relation to the assessment year commencing on the 1st day of April, 1993, or any subsequent assessment year, means - (i) any guest house and any residential hou....

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.... any other article made wholly or partly of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals : Provided that where any of the said assets is used by the assessee as stock-in-trade, such asset shall be deemed as excluded from the assets specified in this sub-clause; (iv) yachts, boats, and aircrafts (other than those us....

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...." means land situate - (i) in any area which is comprised within the jurisdiction of a municipality (whether known as a municipality, municipal corporation, notified area committee, town area committee, town committee, or by any other name) or a cantonment board and which has a population of not less than ten thousand according to the last preceding census of which the relevant figures ha....