Supreme Court · 2016 INSC 503 · Decided 5 July 2016
Commissioner of Income Tax, Kochi v. Trans Asian Shipping Services (P) LTD.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 503 · [2016] 3 S.C.R. 337
- Case number
- CIVIL APPEAL No. 5869/2016
- Decided
- 5 July 2016
- Bench
- T.S. THAKUR, A.K. SIKRI, R. BANUMATHI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
337 COMMISSIONER OF INCOME TAX, KOCH! v. TRANS ASIAN SHIPPING SERVICES (P) LTD. (Civil Appeal No. 5869of2016) A JULYOS,2016 B [T.S. THAKUR, CJI, A.K. SIKRI AND R. BANUMATID, JJ.) Income Tax Act, 1961: Chapter Xl/G: ss.115 VE, 115 VG - Tonnage Tax Scheme - Assessee in business of operating to. include the income derived from activities through 'slot charter' arrangements as relevant shipping income to determine the deemed tonnage in terms of Rule II Q of the Income Tax Rules - Held: Income earned by the assessee under slot charter arrangement.1· comes under the
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