https://www.taxtmi.com/caselaws?id=250081 Reimbursement of demurrage charges paid in connection with crude oil imports was treated as expenditure incurred on behalf of the assessee and not as income falling within the scope of section 44B, which applies to profits and gains from the operation of ships. The concurrent factual findings of the appellate authorities were found to be possible and not perverse, so section 44B was held inapplicable to that reimbursement. On the proposed issue relating to deletion of demand under sections 201(1) and 201(1A), the appeal was admitted only on the limitation question, while the other proposed question was rejected as not raising a substantial question of law. en-us Wed, 07 May 2014 00:00:00 +0530 Sat, 02 Aug 2014 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250081 Reimbursement of demurrage charges paid in connection with crude oil imports was treated as expenditure incurred on behalf of the assessee and not as income falling within the scope of section 44B, which applies to profits and gains from the operation of ships. The concurrent factual findings of the appellate authorities were found to be possible and not perverse, so section 44B was held inapplicable to that reimbursement. On the proposed issue relating to deletion of demand under sections 201(1) and 201(1A), the appeal was admitted only on the limitation question, while the other proposed question was rejected as not raising a substantial question of law. Case-Laws Income Tax Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250081