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2018 (6) TMI 1842 - ITAT DELHIReceipts chargeable to tax u/s 44BB - Whether revenues of the Assessee as Fees for technical Services (‘FTS’) ? - as argued services rendered by the Assessee were ‘in connection’ with installation/handling tools to facilitate wellhead/ X-mas tree installation relating to prospecting etc. of mineral oil.- HELD THAT:- In view of the above decision of Co-ordinate Bench rendered in the case of assessee itself for A.Y. 2010-11 as relying on ONGC [2015 (7) TMI 91 - SUPREME COURT] we have no reason to take a contrary view. Accordingly, we also hold that the receipts of the assessee are chargeable to tax as per provisions of section 44BB of the Act.
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