Section 64 - Amendment of section 164 - Direct Tax Laws (Amendment) Act, 1987

64. Amendment of section 164. In section 164 of the Income-tax Act,- (a) in sub-section (1),- (i) in the opening portion, for the brackets, figures and words (1) Subject to the provisions of sub-sections (2) and (3), where , the word Where shall be substituted; (ii) in the first proviso, for the words association of persons , in the two places where they occur, the word individual shall be substituted; (b) sub-sections (2) and (3), and Explanation 2 shall be omitted.