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....