https://www.taxtmi.com/caselaws?id=307091 Under the tonnage tax regime, income intrinsically connected with the operation of qualifying ships is computed within Chapter XII-G and cannot be separately taxed under section 41(1) when it arises from core shipping activity. The article also notes that certain incidental receipts, including commission on disbursements and sundries, required fresh verification, while rent on furniture and RTI application money were treated as taxable under normal provisions. The allocation of administrative expenses was remanded for reconsideration in line with earlier directions, and the TDS short-claim ground was not pressed. en-us Wed, 19 Aug 2015 00:00:00 +0530 Fri, 17 Mar 2023 21:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307091 Under the tonnage tax regime, income intrinsically connected with the operation of qualifying ships is computed within Chapter XII-G and cannot be separately taxed under section 41(1) when it arises from core shipping activity. The article also notes that certain incidental receipts, including commission on disbursements and sundries, required fresh verification, while rent on furniture and RTI application money were treated as taxable under normal provisions. The allocation of administrative expenses was remanded for reconsideration in line with earlier directions, and the TDS short-claim ground was not pressed. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307091