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[Cites 0, Cited by 0] [Section 115VE] [Entire Act]

Union of India - Subsection

Section 115VE(2) in The Income Tax Act, 1961

(2)The business of operating qualifying ships giving rise to income referred to in sub-section (1) of section 115-VI shall be considered as a separate business (hereafter in this Chapter referred to as the tonnage tax business) distinct from all other activities or business carried on by the company.