Shipping Company Income Under Scrutiny; Return Filed u/s 172(3) Lacks Evidence of Taxation in Singapore or India.

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....Assessment of income of shipping company - though the representative assessee has filed the return of income u/s 172(3), he has not furnished any evidence to show that the assessee’s income was taxed on accrual basis in Singapore or filed the evidence including the income relating to voyage undertaken in India - matter remanded....