Assessee Eligible for Section 44BB Income Tax Benefit on Drilling Rig Hire Charges; 10% Deemed Profit Ratio Applies.

Eligibility for benefit of section 44BB denied - assessee is very much eligible for the benefit available under sec. 44BB of the Act towards the hire charges of the drilling rig by applying the deemed profit ratio of 10% under the said provisions. - AT .....

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