Part IV - VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA (From Section 147 to Section 150)
Amendment to section 115VZA extends ship-related tax language to include inland vessels effective next fiscal year. With effect from 1 April 2026, sub section (2) of section 115VZA of the Income tax Act is amended to insert the words 'or inland vessel, as the case may be,' after both the phrases 'a ship' and 'such ship,' thereby extending the provision's operative references to inland vessels alongside ships.
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.
Amendment to section 115VZA extends ship-related tax language to include inland vessels effective next fiscal year.
With effect from 1 April 2026, sub section (2) of section 115VZA of the Income tax Act is amended to insert the words "or inland vessel, as the case may be," after both the phrases "a ship" and "such ship," thereby extending the provision's operative references to inland vessels alongside ships.
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