Amendment of section 2

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....sdiction by virtue of directions or orders issued under sub-section (1) or sub-section (2) of section 120 or any other provision of this Act, and the Deputy Commissioner who is directed under clause (b) of sub-section (4) of that section to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer under this Act;', (c) after clause (9), the following clause shall be inserted with effect from the 1st day of April, 1988, namely :- '(9A) "Assistant Commissioner" means a person appointed to be an Assistant Commissioner of Income tax under sub-section (1) of section 117;'; (d) clause (15A) shall be renumbered as clause (15B), and before clause (15B) as so renumbered, the follo....

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....company, or any other company which, in respect of its income liable to tax under this Act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income;'; (i) after clause (23), the following clause shall be inserted, namely :- '(23A) "foreign company" means a company which is not a domestic company;'; (j) in clause (24), in sub-clause (iia), for the words ", not being contributions made with a specific direction that they shall form part of the corpus of the trust or institution", the words, brackets, letters and figures "or by a trust or institution of national importance referred to in clause (d) of sub-section....

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....r section 167A", at both the places where they occur, the words, figures and letter "or section 167B" shall be inserted; (4) for the words, figures and letter "section 115B or, as the case may be, section 164", the words, figures and letters "section 115B or section 115BB or section 115E or section 164 or section 164A or section 167A, as the case may be," shall be substituted with effect from the 1st day of April, 1988; (5) after the word, figures and letter "section 167A", in the third place where they occur, the words, figures and letter "or section 167B" shall be inserted; (ii) in sub-clause (ii), for the figures, letter and word "194D and 195", the figures, letters and word "194D, 194E and 195" shall be substituted with effect fro....