Section 12 - Amendment of section 33AC - Finance Act, 1992

12. Amendment of section 33AC In section 33AC of the Income-tax Act, with effect from the 1st day of April, 1993, - (a) in sub-section (1), after the words an assessee, being , the words a Government company or shall be inserted; (b) in the Explanation, after clause (a), the following clause shall be inserted, namely :- (aa) Government company shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956); .