Section 12. [

12. [ Gift-tax authorities to follow orders, etc., of the Board. ] — Omitted by s. 165, ibid. ( w.e.f. 1-41988) . 12. The Second proviso omitted by s.162, ibid, (w.e.f. 1-4-1989). 13. Subs. by s. 161, ibid. , for "Gift-tax Officer" (w.e.f. 1-4-1988). (xxii) "property" includes any interest in property, movable or immovable; (xxiii) "taxable gifts" means gifts chargeable to gift-tax under this Act; 1[(xxiiia) territories to which this Act extends shall be deemed to include the Union territories of Dadra and Nagar Haveli, Goa, Daman and Diu, and Pondicherry— (a) as respects any period for the purposes of section 5; and (b) as respects any period included in the previous year, for the purposes of making any assessment for the assessment year commencing on the 1st day of April, 1963, or for any subsequent year;] (xxiv) "transfer of property" means any disposition, conveyance, assignment, settlement, delivery, payment or other alienation of property and, without limiting the generality of the foregoing, includes— (a) the creation of a trust in property; (b) the grant or creation of any lease, mortgage, charge, easement, licence, power, partnership or interest in property; (c) the exercise of a power of appointment[2] [(whether general, special or subject to any restrictions as to the persons in whose favour the appointment may be made)] of property vested in any person, not the owner of the property, to determine its disposition in favour of any person other than the donee of the power; and (d) any transaction entered into by any person with intent thereby to diminish directly or indirectly the value of his own property and to increase the value of the property of any other person; 3[(xxv) the expressions "Chief Commissioner", "Director General", "Commissioner", "Commissioner (Appeals)", "Director",[4] ["Additional Director of Income-tax", "Additional Commissioner of Income-tax", "Additional Commissioner of Income-tax (Appeals)", "[5] [Joint Director"]][6] ["Joint Commissioner"], "Deputy Commissioner (Appeals)",[7] ["Assistant Commissioner or Deputy Commissioner"], "Income-tax Officer", "Tax Recovery Officer" and "Inspector of Income-tax" shall have the meanings respectively assigned to them under section 2 of the Income-tax Act.]