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)
Prohibition on re-entry to tonnage tax scheme bars companies from reapplying after opting out or exclusion for a fixed period. A qualifying company that opts out of the tonnage tax scheme, defaults in complying with the scheme's statutory provisions, or is excluded by an exclusion order shall be ineligible to opt for the tonnage tax regime for ten years from the date of opting out, default, or the exclusion order.
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.
Prohibition on re-entry to tonnage tax scheme bars companies from reapplying after opting out or exclusion for a fixed period.
A qualifying company that opts out of the tonnage tax scheme, defaults in complying with the scheme's statutory provisions, or is excluded by an exclusion order shall be ineligible to opt for the tonnage tax regime for ten years from the date of opting out, default, or the exclusion order.
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