Amendment of section 115VP.

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....fore the expiry of three months from the end of the quarter in which such application was received.". - Clause 32 of the Bill seeks to amend section 115VP of the Income-tax Act relating to method and time of opting for tonnage tax scheme. Sub-section (1) of the said section provides that a qualifying company may opt for the tonnage tax scheme by making an application to the Joint Commissioner ....