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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Applicability of Section 44BB - the supplying of vessels for the ...

Income Tax

June 25, 2018

Applicability of Section 44BB - the supplying of vessels for the said purposes is inextricably connected with the prospecting, production of mineral oil - any activity relating to exploration, prospecting, extraction, production of mineral oil would be covered u/s.44BB

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  6. Taxability of Amounts paid by the ONGC to the non-resident assessees /foreign companies for providing various services in connection with prospecting, extraction or...

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  8. Section 44BB, being industry specific was a special provision and would, thus, override the provisions of Section 44DA(1) in respect of income which fall within the...

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