https://www.taxtmi.com/caselaws?id=155029 Section 115VD's exclusion for goods or services of a kind normally provided on land does not disqualify a seagoing ship merely because the cargo could also be moved by road or rail. The article explains that the provision targets land-based commercial activities shifted onto a ship, not ordinary port-to-port maritime carriage of bulk cargo. A literal reading consistent with the tonnage tax scheme therefore treats such coastal shipping as within the definition of a qualifying ship. The contrary view, based on the availability of land transport, is rejected in the stated analysis, while the dissent would apply the exclusion more strictly. en-us Fri, 01 Jul 2011 00:00:00 +0530 Thu, 06 Apr 2023 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155029 Section 115VD's exclusion for goods or services of a kind normally provided on land does not disqualify a seagoing ship merely because the cargo could also be moved by road or rail. The article explains that the provision targets land-based commercial activities shifted onto a ship, not ordinary port-to-port maritime carriage of bulk cargo. A literal reading consistent with the tonnage tax scheme therefore treats such coastal shipping as within the definition of a qualifying ship. The contrary view, based on the availability of land transport, is rejected in the stated analysis, while the dissent would apply the exclusion more strictly. Case-Laws Income Tax Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155029