Amendment of section 115VB.

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..... aybe," shall be inserted; (c) in the proviso, after the words "a ship", the words "or inland vessel, as the case may be," shall be inserted. - Clause 27 of the Bill seeks to amend section 115VB of the Income-tax Act relating to operating ships. The said section provides that a company shall be regarded as operating a ship if it operates any ship whether owned or chartered by it and includes .....

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