https://www.taxtmi.com/caselaws?id=16814 The Court held that demurrage charges should be taxed under section 44B of the Income-tax Act, 1961, similar to freight receipts. However, the issue of whether demurrage income accrued outside India can be taxed under section 44B or other provisions was left unresolved due to insufficient factual findings. The Court emphasized the importance of determining where demurrage income accrued for taxation purposes and remitted the matter back to the Tribunal for further examination. The decision aimed to clarify the taxability of demurrage charges based on the location of income accrual, ultimately disposing of the application without costs. en-us Thu, 02 Apr 1998 00:00:00 +0530 Sat, 12 Sep 2009 13:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16814 The Court held that demurrage charges should be taxed under section 44B of the Income-tax Act, 1961, similar to freight receipts. However, the issue of whether demurrage income accrued outside India can be taxed under section 44B or other provisions was left unresolved due to insufficient factual findings. The Court emphasized the importance of determining where demurrage income accrued for taxation purposes and remitted the matter back to the Tribunal for further examination. The decision aimed to clarify the taxability of demurrage charges based on the location of income accrual, ultimately disposing of the application without costs. Case-Laws Income Tax Thu, 02 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16814