Method and time of opting for tonnage tax scheme

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....iction over the company in the form and manner as may be prescribed, for such scheme. (2) The application under sub-section (1) may be made by any existing qualifying company at any time after the 30th day of September, 2004 but before the 1st day of January, 2005 (hereafter referred to as the initial period): Provided that (i) a company incorporated after the initial period; or (ii) a ....

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....lf about such eligibility of the company to make such option for tonnage tax scheme, he (i)  shall pass an order in writing approving the option for tonnage tax scheme; or (ii)  shall, if he is not so satisfied, pass an order in writing refusing to approve the option for tonnage tax scheme, and a copy of such order shall be sent to the applicant: Provided that no order under clause....

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....previous year in which the option for tonnage tax scheme is exercised.] 3[Explanation.-For the purposes of this section ''International Financial Services Centre'' shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).]     ************** NOTES:- 1.  Inserted vide Section 30 of t....