Inland vessel definition adopts a common statutory meaning, linking tax interpretation to the framework governing inland vessels. Inland vessel carries the meaning assigned in clause (q) of section 3 of the Inland Vessels Act, 2021 for income-tax purposes. Sections 235 and 115V of ... Summary
Inland vessel definition adopts a common statutory meaning, linking tax interpretation to the framework governing inland vessels.
Inland vessel carries the meaning assigned in clause (q) of section 3 of the Inland Vessels Act, 2021 for income-tax purposes. Sections 235 and 115V of the Income Tax Act, 2025 adopt that meaning, applying a common statutory interpretation of the term under both provisions through the Inland Vessels Act definitional framework.
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