Tag Archives: Section 44BB

section 44BB service tax were to be excluded from gross receipts

By | September 26, 2015

Whether receipts  on account of service tax were to be included in the gross receipts for the purpose of determining income under section 44BB of the Income-tax Act, 1961 ? Service tax was to be excluded from gross receipts while determining income under section 44BB IN THE ITAT DELHI BENCH ‘G’ Sundowner Offshore International (Bermuda) Ltd. v.… Read More »

Section 44BB Payments to Non Resident by ONGC

By | August 19, 2015

 Q : Whether the amounts paid by the ONGC to the non-resident assessees/foreign companies for providing various services in connection with prospecting, extraction or production of mineral oil is chargeable to tax as “fees for technical services” under Section 44D read with Explanation 2 to Section 9(1)(vii) of the Income Tax Act or will such payments… Read More »