2016 (1) TMI 1169

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..... 4B of the IT Act, 1961, i.e. a special provision for shipping business - Held that:- Question formulated stands concluded against the Revenue by the decision of this Court in Director of Income Tax (International Taxation) vs. Balajai Shipping UK Ltd. [2012 (8) TMI 681 - BOMBAY HIGH COURT] wherein held Article 9 of the Indo-U.K. DTAA includes slot charters/slot hire agreements as availed of and ut .....

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..... , would form a part of the income from operations of ships, exempt under Article 8 of the India Singapore DTAA ? (b) Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in holding that the 7+1 ships / vessels, for which there are no supporting documents, should be considered under Section 44B of the IT Act, 1961, i.e. a special provision for shipping busines .....

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