https://www.taxtmi.com/caselaws?id=13159 Demurrage received by a non-resident shipping company was held taxable where the income accrued and was received in India, bringing the receipts within the shipping income provision of the Income-tax Act, 1961. The court applied its prior ruling and treated Section 44B as applicable to such demurrage receipts, rejecting the assessee's claim based on the earlier tribunal view. The reference was answered in favour of the Revenue, and the Tribunal was found unjustified in allowing the assessee's appeal. en-us Sun, 03 Jun 2001 00:00:00 +0530 Tue, 26 May 2009 17:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13159 Demurrage received by a non-resident shipping company was held taxable where the income accrued and was received in India, bringing the receipts within the shipping income provision of the Income-tax Act, 1961. The court applied its prior ruling and treated Section 44B as applicable to such demurrage receipts, rejecting the assessee's claim based on the earlier tribunal view. The reference was answered in favour of the Revenue, and the Tribunal was found unjustified in allowing the assessee's appeal. Case-Laws Income Tax Sun, 03 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13159