Factory ship definition includes vessels providing processing services for fishing produce under applicable income-tax provisions. "Factory ship" for income-tax purposes includes a vessel providing processing services in respect of fishing produce. The same inclusive meaning applies ... Summary
Factory ship definition includes vessels providing processing services for fishing produce under applicable income-tax provisions.
"Factory ship" for income-tax purposes includes a vessel providing processing services in respect of fishing produce. The same inclusive meaning applies under the Income-tax Act, 2025 and the Income-tax Act, 1961, bringing vessels performing such processing services within the statutory expression.
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