Avoidance of tax - Section 115VZB

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....ngement amounts to an abuse:- A transaction or arrangement shall be considered an abuse if the entering into or the application of such transaction or arrangement results, or would but for this section have resulted, in a tax advantage being obtained for - * a person other than a tonnage tax company, or * a tonnage tax company in respect of its non-tonnage tax activities. Explanation. For the....