Home Case Index All Cases Income Tax Income Tax + SCH Income Tax - 2018 (6) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (6) TMI 970 - SCH - Income TaxScope and interpretation of Section 44BB - Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils - inclusion of amounts received for mobilisation/demobilisation to the gross revenue to arrive at the “profits and gains” for the purpose of computing TAX u/s 44BB by AO - Review petition against order [2017 (11) TMI 78 - SUPREME COURT] wherein it was held that, "When it is found that the amount paid or payable (whether in or out of India), or amount received or deemed to be received in India is covered by sub-section (2) of Section 44BB of the Act, by fiction created under Section 44BB of the Act, it becomes ‘income’ under Sections 5 and 9 of the Act as well." Held that:- Applications for hearing in open Court are rejected. We have perused the review petitions and the connected papers. No merit in the review petitions and the same stand dismissed.
|