https://www.taxtmi.com/caselaws?id=371768 The High Court considered the issue of whether a drilling rig qualifies as a ship under Section 115VD of the Income Tax Act, 1961. Both parties referred to a previous Delhi High Court decision in favor of the respondent, with a pending appeal before the Supreme Court. The High Court disposed of the appeal based on the agreement that the Supreme Court's decision in the pending appeal would apply, allowing parties to file applications post the Supreme Court's ruling if necessary. en-us Fri, 26 Oct 2018 00:00:00 +0530 Mon, 10 Dec 2018 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371768 The High Court considered the issue of whether a drilling rig qualifies as a ship under Section 115VD of the Income Tax Act, 1961. Both parties referred to a previous Delhi High Court decision in favor of the respondent, with a pending appeal before the Supreme Court. The High Court disposed of the appeal based on the agreement that the Supreme Court's decision in the pending appeal would apply, allowing parties to file applications post the Supreme Court's ruling if necessary. Case-Laws Income Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371768