https://www.taxtmi.com/caselaws?id=243101 The Tribunal partly allowed the Revenue's appeals, remitting the issues back to the Assessing Officer (AO) for fresh consideration. The Tribunal upheld that the ship qualified for the Tonnage Tax Scheme but required further examination on whether the assessee was a qualifying company. The disallowance under section 14A and the addition of provision for foreign currency loan revaluation under section 115JB were also sent back for fresh assessment by the AO. en-us Wed, 31 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243101 The Tribunal partly allowed the Revenue's appeals, remitting the issues back to the Assessing Officer (AO) for fresh consideration. The Tribunal upheld that the ship qualified for the Tonnage Tax Scheme but required further examination on whether the assessee was a qualifying company. The disallowance under section 14A and the addition of provision for foreign currency loan revaluation under section 115JB were also sent back for fresh assessment by the AO. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243101