https://www.taxtmi.com/circulars?id=9267 Article grants mutual exemption from income-tax on freight earnings of the other country's ships "of this service", including time chartered ships, but confines the exemption to carriage between the ports of the two contracting countries; freight earnings from carriage involving third countries are taxable, and the interpretation is to be applied prospectively while past assessments will not be reopened for now. en-us Tue, 24 Apr 1979 00:00:00 +0530 Fri, 03 Jun 2011 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9267 Article grants mutual exemption from income-tax on freight earnings of the other country's ships "of this service", including time chartered ships, but confines the exemption to carriage between the ports of the two contracting countries; freight earnings from carriage involving third countries are taxable, and the interpretation is to be applied prospectively while past assessments will not be reopened for now. Circulars Income Tax Tue, 24 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9267