TMI BlogAmendment of section 2.X X X X Extracts X X X X X X X X Extracts X X X X ..... day of April, 1962, namely: 'Explanation . For the removal of doubts, it is hereby clarified that "property" includes and shall be deemed to have always included any rights in or in relation to an Indian company, including rights of management or control or any other rights whatsoever;'; (ii) in clause (16), after the words, "Commissioner of Income-tax", the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Explanation shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the following Explanation shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1962, namely: 'Explanation 2. For the removal of doubts, it is hereby clarified that "transfer" includes and shall be deemed to have always included disp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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