Period for which tonnage tax option to remain in option - Section 115VQ

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....ion 115VQ * An option for tonnage tax scheme, after it has been approved by Joint Commissioner, shall remain in force for a period of ten years from the date on which such option has been exercised ....

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....ction 115VU or section 115VV * The tonnage tax company is excluded from the tonnage tax scheme under section 115VZC; * The qualifying company furnishes to the Assessing Officer, a declaration in w....