Assessment of non-resident in respect of occasional shipping business.

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....s (including an arrangement such as slot charter, space charter or joint charter) shall be made in accordance with the provisions of this section.     (2) The master of a ship belonging to, or chartered by, a non-resident shall, before the departure of the ship, furnish to the Assessing Officer a return of the full amount of transportation charges accrued to, or received by, the ....

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....fficer shall—      (a) assess the income referred to in sub-section (1) in accordance with serial number 7 of the Table under Paragraph 1 of the Fourteenth Schedule, after calling for such documents as he deems fit; and      (b) determine the sum payable as tax thereon at the rates applicable to the total 35 income of a foreign company. ....