https://www.taxtmi.com/caselaws?id=151939 The Tribunal condoned the delay in filing the appeal due to the absence of mala fide intent and satisfactory reasons provided by the assessee. Regarding the deduction u/s 33AC, the Tribunal held that the assessee, though not owning ships initially, was entitled to the deduction as their activities fell within the scope of "operation of ships." The Tribunal allowed the appeals for the assessment years 1995-96 and 1996-97, quashing the lower authorities' orders and dismissing the appeal for 1995-96 as infructuous. en-us Wed, 25 Apr 2001 00:00:00 +0530 Thu, 20 Jun 2013 09:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151939 The Tribunal condoned the delay in filing the appeal due to the absence of mala fide intent and satisfactory reasons provided by the assessee. Regarding the deduction u/s 33AC, the Tribunal held that the assessee, though not owning ships initially, was entitled to the deduction as their activities fell within the scope of "operation of ships." The Tribunal allowed the appeals for the assessment years 1995-96 and 1996-97, quashing the lower authorities' orders and dismissing the appeal for 1995-96 as infructuous. Case-Laws Income Tax Wed, 25 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151939