Operation of ships added to deduction provision; equity-share issue excluded for Indian public ship-operating companies. The amendment inserts operation of ships as an additional qualifying sub-clause in subsection (3)(a), and adds a proviso to clause (b) excluding application where a public company formed and registered in India with the main object of operating ships issues equity shares, thereby expanding the enumerated activities while limiting clause (b)'s reach for such domestic public companies.
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Provisions expressly mentioned in the judgment/order text.
Operation of ships added to deduction provision; equity-share issue excluded for Indian public ship-operating companies.
The amendment inserts operation of ships as an additional qualifying sub-clause in subsection (3)(a), and adds a proviso to clause (b) excluding application where a public company formed and registered in India with the main object of operating ships issues equity shares, thereby expanding the enumerated activities while limiting clause (b)'s reach for such domestic public companies.
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