Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Tonnage income allocation: definite shares yield proportionate allocation; otherwise compute each operator's income as sole operator. Where a qualifying ship is operated by two or more companies by way of joint interest or by agreement for use and their respective shares are definite and ascertainable, each company's tonnage income equals a share proportionate to its interest; otherwise, subject to that rule, where two or more companies are operators the tonnage income of each is computed as if each had been the only operator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tonnage income allocation: definite shares yield proportionate allocation; otherwise compute each operator's income as sole operator.
Where a qualifying ship is operated by two or more companies by way of joint interest or by agreement for use and their respective shares are definite and ascertainable, each company's tonnage income equals a share proportionate to its interest; otherwise, subject to that rule, where two or more companies are operators the tonnage income of each is computed as if each had been the only operator.
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