Special provision for computing shipping profits now excludes cruise ships from the non-resident computation regime. Amendment creates an explicit exclusion for cruise vessels from the non-resident shipping income computation rule, revises the marginal heading to identify the rule as a special provision applicable to shipping businesses other than cruise shipping, and inserts operative text excluding cruise ships referred to in the separate cruise-ship provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Special provision for computing shipping profits now excludes cruise ships from the non-resident computation regime.
Amendment creates an explicit exclusion for cruise vessels from the non-resident shipping income computation rule, revises the marginal heading to identify the rule as a special provision applicable to shipping businesses other than cruise shipping, and inserts operative text excluding cruise ships referred to in the separate cruise-ship provision.
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