https://www.taxtmi.com/caselaws?id=155029 Section 115VD excludes a ship only where its main purpose is providing goods or services of a kind normally provided on land. Ordinary port-to-port carriage of thermal coal remains a core maritime function, even if the cargo could also travel by road or rail. The availability of alternative land routes does not alter the character of the ship's use or add a condition barring sea transport whenever land transport is possible. On this interpretation, consistent with the tonnage tax scheme's purpose, a seagoing vessel engaged in coastal bulk-cargo transport qualifies for the scheme. A dissenting view would apply the exclusion strictly where land transport is available. 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 excludes a ship only where its main purpose is providing goods or services of a kind normally provided on land. Ordinary port-to-port carriage of thermal coal remains a core maritime function, even if the cargo could also travel by road or rail. The availability of alternative land routes does not alter the character of the ship's use or add a condition barring sea transport whenever land transport is possible. On this interpretation, consistent with the tonnage tax scheme's purpose, a seagoing vessel engaged in coastal bulk-cargo transport qualifies for the scheme. A dissenting view would apply the exclusion strictly where land transport is available. Case-Laws Income Tax Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155029