Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]

Receipts - International Traffic - Voyage - ITAT - Receipts from International Traffic pertaining to Voyage Chartered as Royalty - ITAT - income tax - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the receipts from international traffic pertaining to voyages should not be chartered as royalty . The assessee, Tata NYK Shipping Pte Ltd, is a shipping company filed the appeal against the order passed by the Assessing Officer under section 143(3)read with section 144C(13) of…

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