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2010 (5) TMI 453 - HC - Income TaxReimbursement of expenses - deduction u/s 44BB - Held that: - deduction of an amount received on account of reimbursement of mobilization charges by the NRC in respect of the transportation of rigs outside territorial waters of India is answered in favour of the Revenue and against the assessee in Sedco Forex International Inc. Vs. Commissioner of Income Tax & another, (2007 -TMI - 3679 - UTTARAKHAND HIGH COURT) The reimbursed amount (under reference) was the amount paid to the respondent on account of supply of plant and machinery to be used in the prospecting for, or extraction, or production of mineral oils in India. - the same is squarely covered, in favour of the Revenue and against the respondent / assessee, in view of the judgment rendered in Sedco Forex International Inc.'s case (2007 -TMI - 3679 - UTTARAKHAND HIGH COURT).
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