https://www.taxtmi.com/caselaws?id=210200 The Tribunal partly allowed the appeal, disallowing the addition under section 41(1) and treating certain incomes as core activities. However, it upheld the AO's findings on the allocation of administrative expenditure and the classification of income from the sale of ships. The decision emphasized the comprehensive and exclusive nature of the tonnage tax scheme under Chapter XII-G. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 26 Jun 2013 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210200 The Tribunal partly allowed the appeal, disallowing the addition under section 41(1) and treating certain incomes as core activities. However, it upheld the AO's findings on the allocation of administrative expenditure and the classification of income from the sale of ships. The decision emphasized the comprehensive and exclusive nature of the tonnage tax scheme under Chapter XII-G. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210200