For the purposes of this Chapter, a company shall be regarded as operating a ship if it operates any ship whether owned or chartered by it and includes a case where even a part of the ship has been chartered in by it in an arrangement such as slot charter, space charter or joint charter:
Provided that a company shall not be regarded as the operator of a ship which has been chartered out by it on bareboat charter-cum-demise terms or on bareboat charter terms for a period exceeding three years.
Section 115VA Computation of profits and gains from the business of operating qualifying ships
Section 115VC Qualifying company
Section 115VE Manner of computation of income under tonnage tax scheme
Section 115VG Computation of tonnage income