Corporate TaxArticle·4 August 2026
SC on Cruise Income under Section 44 B
By J the App
Executive Summary
The Supreme Court, by judgment dismissed the Revenue's appeals and held that a foreign cruise operator carrying passengers in India is entitled to the benefit of Section 44B.
The Court ruled that ancillary hospitality and entertainment do not alter the essential character of the business as carriage of passengers.
Domain | Corporate Tax | Direct Tax
Background
Superstar Libra Ltd. (SLL), a...
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