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2009 (4) TMI 468 - HC - Income TaxWhether, reimbursement of catering charges is not liable to be included in 'amount' mentioned in sub-section (2) of Section 44BB of the Income Tax Act, 1961 - Held that: - In Commissioner of Income Tax and another Vs. Halliburton Offshore Services Inc. (2007 -TMI - 30249 - UTTARAKHAND HIGH COURT), has held that the amount paid or received refers to all the payment to the assessee or payable to the assessee for the purposes mentioned in this section. In our opinion also the catering charges cannot be excluded from the 'amount' defined in sub-section (2) of Section 44BB of the Act. That being so, we are of the opinion that the ITAT and CIT(A) have erred in law in holding that the catering charges are liable to be excluded from the amount for the purpose of calculating the ten per cent deemed profit.
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