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2008 (2) TMI 388 - HC - Income TaxInterpretation of provisions in Chapter XII-G, relating to the income of shipping companies - petitioner application for opting the tonnage tax scheme was rejected by the Additional Commissioner- Addl. Commissioner on basis of Memorandum holding that business of operating ships was not a main object of assessee, was illegal – this order is quashed – however finding that income from shipping business and the income from the qualifying ship form only a small portion out of the gross income of the company, is one which rests on facts, therefore it is improper to subject it to judicial review in writ jurisdiction
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