Amendment of section 32A

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....f a ship or an aircraft or machinery or plant specified in sub-section (8B), this sub-section shall have effect as if for the words "twenty-five per cent.", the words "twenty per cent." had been substituted: Provided further that'; (ii) the following Explanation shall be added at the end, namely :- 'Explanation .- For the purposes of this sub-section, "actual cos....

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....tisfaction of the Assessing Officer as specified in that clause;"; (c) in sub-section (2C), after the words, figures and letters "the 31st day of May, 1983", the words, figures and letters "but before the 1st day of April, 1987" shall be inserted; (d) in sub-section (4), in clause (ii), in sub-clause (a), for the words "the proviso", the words "the second proviso" shall be substi....

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....for the purchase of such ship or aircraft with the builder or manufacturer or owner thereof, as the case may be; (ii) any new machinery or plant installed after the 31st day of March, 1987 but before the 1st day of April, 1988, if the assessee furnishes evidence to the satisfaction of the Assessing Officer that before the 12th day of June, 1986, he had purchased such machinery or plant or....