0 judgments cite this provision SC
115V-O Exclusion from provisions of section 115JB The book profit or loss derived from the activities of a tonnage tax company, referred to in sub-section (1) of section 115V-I, shall be excluded from the book profit of the company for the purposes of section 115JB. C.—Procedure for option of tonnage tax scheme Method and time of opting for tonnage tax scheme. 2672 2673 2672 Subs. by Act 25 of 2014, s. 4, for “Chief Commissioner” (w.e.f. 1-6-2013). 2673 Ins. by Act 18 of 2005, s. 37 (w.e.f. 1-4-2006).