https://www.taxtmi.com/caselaws?id=58934 Section 172 for occasional shipping creates a special summary assessment scheme, and the option to seek regular assessment under section 172(7) must be exercised within the relevant assessment year. Once that period expires, the summary assessment becomes final and the statutory route for refund based on regular assessment is unavailable. Treaty relief reducing Indian tax by 50% under the India-Greece DTAA was available only through timely use of section 172(7), not after finalisation of the summary assessment. A refund claim under section 237 read with rule 41 was also not independently maintainable because the general refund machinery could not override the specific, time-bound scheme in section 172. en-us Mon, 30 Sep 1985 00:00:00 +0530 Wed, 22 Dec 2010 18:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58934 Section 172 for occasional shipping creates a special summary assessment scheme, and the option to seek regular assessment under section 172(7) must be exercised within the relevant assessment year. Once that period expires, the summary assessment becomes final and the statutory route for refund based on regular assessment is unavailable. Treaty relief reducing Indian tax by 50% under the India-Greece DTAA was available only through timely use of section 172(7), not after finalisation of the summary assessment. A refund claim under section 237 read with rule 41 was also not independently maintainable because the general refund machinery could not override the specific, time-bound scheme in section 172. Case-Laws Income Tax Mon, 30 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58934