TMI BlogExemption under Tonnage Tax Scheme - liquidated damages - disallowance of ‘other operating revenue’...Exemption under Tonnage Tax Scheme - liquidated damages - disallowance of ‘other operating revenue’ claimed by the assessee as exempt income - liquidated damages cannot be held to be from the core activity of the shipping and does not form part for computation in tonnage tax. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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