https://www.taxtmi.com/caselaws?id=12124 Demurrage charges received by a non-resident shipping assessee were held includible in total income under the amended Section 44B of the Income-tax Act because the Explanation inserted by the Finance Act, 1997 was treated as retrospective from 1 April 1976. The provision expressly brings demurrage, handling charges and similar amounts within the amount paid or payable in connection with carriage of passengers, livestock, mail or goods shipped at any port in India. As the demurrage was received in India, the amended provision governed the relevant assessment years and the issue was answered against the assessee and in favour of the Revenue. en-us Wed, 18 Sep 2002 00:00:00 +0530 Wed, 17 Feb 2010 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12124 Demurrage charges received by a non-resident shipping assessee were held includible in total income under the amended Section 44B of the Income-tax Act because the Explanation inserted by the Finance Act, 1997 was treated as retrospective from 1 April 1976. The provision expressly brings demurrage, handling charges and similar amounts within the amount paid or payable in connection with carriage of passengers, livestock, mail or goods shipped at any port in India. As the demurrage was received in India, the amended provision governed the relevant assessment years and the issue was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 18 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12124