https://www.taxtmi.com/caselaws?id=259747 The court held that receipts from the hire of barges are similar to specified receipts in clause (baa) of the Income Tax Act, 1961. However, proceeds of services and repairs of vessels, linked to exports, are not covered by the same clause. Additionally, receipts from the sale of various items were deemed similar to specified receipts in clause (baa). Extraction charges were included in the total turnover, with a caution against double inclusion. The judgment favored the Revenue on the issues related to hire of barges, sale receipts, and extraction charges, while ruling in favor of the Assessee on receipts from services and repairs of vessels. en-us Thu, 07 May 2015 00:00:00 +0530 Wed, 20 May 2015 07:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259747 The court held that receipts from the hire of barges are similar to specified receipts in clause (baa) of the Income Tax Act, 1961. However, proceeds of services and repairs of vessels, linked to exports, are not covered by the same clause. Additionally, receipts from the sale of various items were deemed similar to specified receipts in clause (baa). Extraction charges were included in the total turnover, with a caution against double inclusion. The judgment favored the Revenue on the issues related to hire of barges, sale receipts, and extraction charges, while ruling in favor of the Assessee on receipts from services and repairs of vessels. Case-Laws Income Tax Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259747