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2015 (3) TMI 226 - AT - Income TaxBenefit of tonnage tax scheme - Held that:- ship operated by the assessee M.V.Gem of Ennore transporting thermal coal from one location to another location within the country is a qualifying ship under section 115VD of the Income Tax Act, 1961 and the assessee is entitled for the benefit of tonnage tax scheme provided under section XII C of the Act. Following decision of assessee's own previous case [2011 (7) TMI 1017 - ITAT CHENNAI] Disallowance under section 14A - Held that:- Following decision of Varun Shipping Co.Ltd. [2011 (11) TMI 370 - ITAT MUMBAI] - order of the Commissioner of Income Tax (Appeals) on this issue is upheld - Decided against Revenue.
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