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2016 (9) TMI 346 - AUTHORITY FOR ADVANCE RULINGS NEW DELHI

2016 (9) TMI 346 - AUTHORITY FOR ADVANCE RULINGS NEW DELHI - TMI - Application of section 44BB - applicant company is formed and registered under the laws of U.K and is also resident of that county entered into a contract with Oil & Natural Gas Corporation Ltd. (ONGC) for hiring of services - Held that:- We answer the ruling in favour of the applicant and hold that the consideration received by the applicant from the aforementioned contract dated 13-3-2012 being contract No. MR/WOB/MM/SC/2D( .....

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de by Marine Geology Services LLP, U.K. pertains to the application of section 44BB in relation to the activities of the applicant company. The applicant company is formed and registered under the laws of U.K and is also resident of that county. It has entered into a contract with Oil & Natural Gas Corporation Ltd. (ONGC) for hiring of services for acquisition, processing & integration of long offset of 2D Seismic, gravity, magnetic sea bed based reflection-refraction survey in block KKD .....

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