Ships - Indian Laws - General

As per the provisions of section 3(55) of the General Clauses Act, 1897, The expression ship means- which defines that the ship shall include every description of vessel used in navigation not exclusively propelled by oars . In effect, it has very wider connotation and it includes barges . The other reason is based on the definition given in the Old Appendix -I of Rule 5 of the Income-tax Rules, 1962 in the context of the table of depreciation. Relevant extract reads as follows : IV. Ships. (1) Ocean going ships including dredgers, tugs, barges, survey launches and other similar ships used for dredging purposes and fishing vessels with wooden hull... DEPUTY COMMISSIONER OF INCOME-TAX, CIR 7(1), MUMBAI VERSUS ORION AGENCIES LTD.- [ 2009 (6) TMI 680 - ITAT MUMBAI ]