https://www.taxtmi.com/acts?id=3266 If a demerged company transfers its business to a resulting company before the expiry of its option for the tonnage tax scheme, the tonnage tax scheme shall, as far as may be, apply to the resulting company for the unexpired period if it is a qualifying company; the option for the demerged company shall remain in force for the unexpired period if it continues to be a qualifying company. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 12:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3266 If a demerged company transfers its business to a resulting company before the expiry of its option for the tonnage tax scheme, the tonnage tax scheme shall, as far as may be, apply to the resulting company for the unexpired period if it is a qualifying company; the option for the demerged company shall remain in force for the unexpired period if it continues to be a qualifying company. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3266