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2015 (12) TMI 303 - HC - Income TaxEntitlement for concessional benefit u/s 44BB - Held that:- Tribunal has found that the amounts in question are covered by Section 44BB of the Income Tax Act, i.e. the amounts represent works like drilling of exploration wells, etc. There is no dispute that there is a judgment of Oil & Natural Gas Corporation Limited vs. Commissioner of Income Tax & another (2015 (7) TMI 91 - SUPREME COURT). In the light of the same, since the amounts received for the works are liable to be reckoned under Section 44BB - Decided against the appellant / revenue.
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