Supreme Court of India

Commissioner of Income Tax, Kochi v. Trans Asian Shipping Services (p) Ltd.

Neutral citation
Reported as [2016] 3 S.C.R. 337
Bench T.S. Thakur J.
Decided 5 July 2016

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

2 Supreme Court benches have cited this judgment.

From the headnote

Income Tax Act, 1961: Chapter Xl/ : ss.115 VE, 115 VG - Tonnage Tax Scheme - Assessee in business of operating qualifying ships - Held: ls eligible for getting income computed under the special provisions contained in Chapter XIIG s.115VB - Income ji-om slot charter - Whether the assessee was eligible to. include the income derived from activities through 'slot charter' arrangements as relevant shipping income to determine the deemed tonnage in terms of Rule II Q of the Income Tax Rules - Held: Income earned by the assessee under slot charter arrangement.1· comes under the definition of

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