TMI BlogShippingX X X X Extracts X X X X X X X X Extracts X X X X ..... its shall be allowed as a credit against Greek tax charged in respect of such income. The credit aforesaid shall not exceed the Greek tax charged in respect of such income. 2. (a) When a resident of India, operating ships, derives profits from Greece, through such operations carried on in Greece, such profits may be taxed in Greece as well as in India; but the tax so charged in Greece shall be r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f section 172 of the Income-tax Act, 1961, for the assessment of profits from occasional shipping or tramp steamers; but the provisions of that clause will be applied, when an adjustment is to be made under sub-section (7) of the aforesaid section of the Income-tax Act, 1961, in such cases. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Man ..... X X X X Extracts X X X X X X X X Extracts X X X X
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