Case Law Details
DCIT Vs Tashi Air Pvt. Ltd (ITAT Kolkata)
Assessing Officer has rejected the claim of the assessee only on the ground that the term ‘Profits derived from the operation of ships or aircraft in international traffic’ has been more elaborately explained to include the transportation of air passengers.
“4. For the purposes of this Article, profits from the operation of ships or aircraft in international traffic shall mean profits derived from the transportation by sea or air of passengers, mail, livestock or goods carried on by the owners or lessees or charterers of the ships or aircraft, including profits from :
(a) the sale of tickets for such transportation on behalf of other enterprises; (b)the incidental lease of ships or aircraft used in such transportation;
(c) the use, maintenance or rental or containers (including trailers and related equipment for the transport of containers) in connection with such transportation; and
Please become a Premium member. If you are already a Premium member, login here to access the full content.
