Exclusion from tonnage tax scheme - Section 115VZC

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..... n order in writing, exclude such company from the tonnage tax scheme However that an opportunity shall be given by the Assessing Officer by serving a notice calling upon such company to show cause, on a date and time to be specified in the notice, why it should not be excluded from the tonnage tax scheme Further that no order under this sub-section shall be passed without the previous approval of .....

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