Fishing vessel definition determines application of income tax provision in Chapter XII G for shipping company income. For the Income tax Act provision in Chapter XII G concerning shipping company income, the term "fishing vessel" is defined by reference to clause (12) of ... Summary
Fishing vessel definition determines application of income tax provision in Chapter XII G for shipping company income.
For the Income tax Act provision in Chapter XII G concerning shipping company income, the term "fishing vessel" is defined by reference to clause (12) of section 3 of the Merchant Shipping Act, 1958, so that, unless the context otherwise requires, the maritime statutory meaning governs the term's application under that income tax provision.
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