2012 (6) TMI 501

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..... the Income-tax Act, 1961, is the question raised in this appeal.   2. The assessee is a shipping agent providing services to ships and act as a offshore representative. During the course of its business, the assessee was required to make deposits on behalf of its customers on various accounts with the Mumbai Port Trust. After recovering the charges, Mumbai Port Trust used to refund the amou .....

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