TMI Blog2015 (8) TMI 1253X X X X Extracts X X X X X X X X Extracts X X X X ..... 4BB - Held that:- In the light of the judgment of the Hon’ble Apex Court in Oil & Natural Gas Corporation Limited vs. Commissioner of Income Tax & another (2015 (7) TMI 91 - SUPREME COURT) the substantial questions of law relating to the assessability of the amounts under Section 44BB have to be answered against the appellant / revenue. Liability to pay interest under Section 234B - Held that:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en framed in all these appeals. Therefore, they are being disposed of by this common judgment. 2. The main substantial question of law, which would arise in all these appeals, relate to the assessability of the amounts under Section 44BB of the Income Tax Act. 3. We have heard the learned counsel for the parties. 4. In the light of the judgment of the Hon ble Apex Court in Civil Appeal No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... basis of answering all the substantial questions of law against the Revenue. 6. In such circumstances, the appeals are disposed of as follows: (i) We answer the questions of law relating to the assessability of the amounts under Section 44BB against the Revenue. (ii) In relation to the substantial questions of law relating to Section 234B, we remit the matter back to the Assessing Offic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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