Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1997 (12) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (12) TMI 8 - SC - Income TaxWhether, the pontoons and tugs are covered by the expression 'ship' and therefore, are entitled to development rebate at a higher rate of 40 per cent instead of 25 per cent on the basis of plant - Having regard to the width of the meaning given to the word "ships" in the depreciation table, it is clear that a flat-bottomed boat used as ferry -boat will clearly come within the description "vessel ordinarily operating on inland waters" - revenue appeal is dismissed
|