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[Cites 0, Cited by 0] [Section 227(7)] [Section 227] [Entire Act]

Union of India - Subsection

Section 227(7)(b) in The Income Tax Act, 2025

(b)an agreement for the use of the ship, and their respective shares are definite and ascertainable, the tonnage income of each such company shall be an amount equal to a share of income proportionate to its share of that interest.