Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (3) TMI 1250 - AT - Income TaxMobilization fee paid to non-resident - computing income under section 44BB - Held that:- The Ground decided against the assessee in view of the decision of Hon’ble Uttrakhand High Court in the case of Sedco Forex International Inc. v. CIT [2007 (9) TMI 196 - UTTARAKHAND HIGH COURT] wherein it has been held that mobilization fee , if paid to non-resident assessee by the ONGC which had no nexus with the actual amount incurred by the assessee company for transportation of drilling unit of rigs to the specified drilling location in India and which was not reimbursement of expenditure had to be taken into account for the purpose of computing income under section 44BB.
|