2. Definitions. -In this Act, unless the context otherwise requires, -
1[(1) “advance tax ” means the advance tax payable in accordance with the provisions of
9. Clause ( 1A) renumbered as clause ( 1B) thereof by Act 4 of 1988, s. 3 (w.e.f. 1 -4-1989).
32 (iii) shareholder s holding not less than 1[three -fourths] in value of the shares in the
amalgamating company or companies (other than shares already held therein immediately before
the amalgamation by, or by a nominee for, the amalgamated company or its subsidiary) become
shareholders of the amalgamated company by virtue of the amalgamation,
otherwise than as a result of the acquisition of the property of one company by another company
pursuant to the purchase of such property by the other company or as a result of the distribution of
such property to the other company after the winding up of the first -mentioned company;]
2[(1C) “Additional Commissioner ” means a person appointed to be an Additional Commissioner
of Income -tax under sub -section ( 1) of section 117;
(1D)“Additional Director ” means a person appointed to be an Additional Director of Income -tax
under sub -section ( 1) of section 117;]
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