https://www.taxtmi.com/manuals?id=4990 Definition of New Ship or New Aircraft for income tax purposes treats a vessel or aircraft as new when, at acquisition by the assessee, it had been used by another person but was never previously owned by any person resident in India, thereby including certain second hand assets acquired from non resident owners within the statutory category of new ships or new aircraft. en-us Thu, 12 Sep 2024 13:06:00 +0530 Tue, 05 Nov 2024 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4990 Definition of New Ship or New Aircraft for income tax purposes treats a vessel or aircraft as new when, at acquisition by the assessee, it had been used by another person but was never previously owned by any person resident in India, thereby including certain second hand assets acquired from non resident owners within the statutory category of new ships or new aircraft. Manuals Income Tax Thu, 12 Sep 2024 13:06:00 +0530 https://www.taxtmi.com/manuals?id=4990