https://www.taxtmi.com/caselaws?id=375025 The Tribunal upheld the deletion of additions made by the Assessing Officer, applying Tonnage Tax Provisions to prior period income, expenses, and other sources. The Tribunal considered profits on bar/shop sales and director's fees eligible for tonnage tax provisions, emphasizing the link to core activities. The judgment delves into the complexities of applying tonnage tax benefits to various components of income and expenses, highlighting the need for further analysis based on legal principles and factual circumstances. en-us Mon, 21 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375025 The Tribunal upheld the deletion of additions made by the Assessing Officer, applying Tonnage Tax Provisions to prior period income, expenses, and other sources. The Tribunal considered profits on bar/shop sales and director's fees eligible for tonnage tax provisions, emphasizing the link to core activities. The judgment delves into the complexities of applying tonnage tax benefits to various components of income and expenses, highlighting the need for further analysis based on legal principles and factual circumstances. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375025