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[Cites 0, Cited by 0] [Section 228] [Entire Act]

Union of India - Subsection

Section 228(1) in The Income Tax Act, 2025

(1)For the purposes of this Part, the relevant shipping income of a tonnage tax company means—
(a)its profits from core activities referred to in sub-section (3); and
(b)its profits from incidental activities referred to in sub-section (7).