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    <title>Application for exercising or renewing the option for tonnage tax scheme</title>
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    <description>An application for exercising the option for the tonnage tax scheme or for renewing that option must be made in Form No. 65 and verified in the manner specified in that form. The rule applies to applications under the provisions governing initial exercise of the option and renewal of the option for shipping companies under the Income-tax Rules, 1962.</description>
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      <description>An application for exercising the option for the tonnage tax scheme or for renewing that option must be made in Form No. 65 and verified in the manner specified in that form. The rule applies to applications under the provisions governing initial exercise of the option and renewal of the option for shipping companies under the Income-tax Rules, 1962.</description>
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