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[Cites 0, Cited by 0] [Section 231] [Entire Act]

Union of India - Subsection

Section 231(8) in The Income Tax Act, 2025

(8)An option for tonnage tax scheme, after it has been approved under sub-section (4), shall remain in force for ten years from the date on which such option has been exercised and shall be taken into account from the tax year in which such option is exercised.