Tonnage determination expanded to include inland vessels via Inland Vessels Act certificates, affecting tax assessments moving forward. Amendment treats certificates issued under the Inland Vessels Act, 2021 for inland vessels registered in India as valid certificates of tonnage, by inserting 'or inland vessel' into the provision linking a vessel's tonnage to a valid certificate; the change applies prospectively from 1st April, 2026 to the relevant assessment year and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Tonnage determination expanded to include inland vessels via Inland Vessels Act certificates, affecting tax assessments moving forward.
Amendment treats certificates issued under the Inland Vessels Act, 2021 for inland vessels registered in India as valid certificates of tonnage, by inserting "or inland vessel" into the provision linking a vessel's tonnage to a valid certificate; the change applies prospectively from 1st April, 2026 to the relevant assessment year and subsequent years.
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