https://www.taxtmi.com/caselaws?id=120494 A timely application for the tonnage tax scheme under section 115VP is not defeated merely because the formal tonnage certificate is filed later, where the qualifying company otherwise satisfies the substantive eligibility conditions. The requirement for the certificate was treated as procedural machinery, and later production was held to relate back to the date of the valid application. On the stated facts, the delay arose from procedural difficulties beyond the assessee's control, so approval under the tonnage tax scheme was sustained and the Revenue's challenge failed. en-us Thu, 03 Jul 2008 00:00:00 +0530 Fri, 20 Jul 2012 12:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120494 A timely application for the tonnage tax scheme under section 115VP is not defeated merely because the formal tonnage certificate is filed later, where the qualifying company otherwise satisfies the substantive eligibility conditions. The requirement for the certificate was treated as procedural machinery, and later production was held to relate back to the date of the valid application. On the stated facts, the delay arose from procedural difficulties beyond the assessee's control, so approval under the tonnage tax scheme was sustained and the Revenue's challenge failed. Case-Laws Income Tax Thu, 03 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120494