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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Tonnage Tax Scheme - delay of 4 days - time stipulation in ...


Four-Day Delay in Tonnage Tax Scheme Compliance Accepted; Section 115VP(2) Deemed Directory, Not Mandatory.

March 20, 2013

Case Laws     Income Tax     HC

Tonnage Tax Scheme - delay of 4 days - time stipulation in section 115VP(2) is held to be directory and therefore it would be sufficient if it is substantially complied with by the assessee - Revenue directed to consider the application - HC

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