Taxability of reimbursements for Mobilisation / demobilisation of vessels used in exploration for oil and gas

By | July 27, 2016
(Last Updated On: July 27, 2016)

Mobilisation / demobilisation of vessels used in exploration for oil and gas: The Delhi Bench of the Income-tax Appellate Tribunal held that reimbursements paid by customers for the mobilisation / demobilisation of vessels used by the taxpayer in exploration for oil and gas and attributable to the distance travelled outside India are taxable. The case is: Western Geco International Ltd. Read a July 2016 report of KPMG

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