Home > Income Tax Act 2025 > Section-234Last Updated: Feb 22nd 2025
Section-234 seeks to provide for avoidance of tax and exclusion from tonnage tax scheme in case of abuse of the provisions by way of any arrangement made to avail tax advantage. Learn to understand the section-234 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
which has the effect of reducing the income or increasing the loss, from activities other than tonnage tax activities chargeable to tax, computed on the basis of entries made in the books of account in respect of the tax year in which the transaction was entered into; or
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