Section 115VR
Renewal of tonnage tax scheme. Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
(1) An option for tonnage tax scheme approved under
sub-section (3) of section 115VP may be renewed within one year from the end of the previous year in
which the option ceases to have effect.
(2) The provisions of sections 115VP and 115VQ shall apply in relation to a renewal of the option for tonnage tax scheme in the same manner as they apply in relation to the approval of option for tonnage tax scheme.
(2) The provisions of sections 115VP and 115VQ shall apply in relation to a renewal of the option for tonnage tax scheme in the same manner as they apply in relation to the approval of option for tonnage tax scheme.