2018 (6) TMI 970 - SCH - Income Tax

Scope and interpretation of Section 44BB - Special provision for computing profits and gains in connection with the business of exploration etc. of mineral oils - inclusion of amounts received for mobilisation/demobilisation to the gross revenue to arrive at the profits and gains for the purpose of computing TAX u/s 44BB by AO - Review petition against order 2017 (11) TMI 78 - SUPREME COURT wherein it was held that When it is found that the amount paid or payable (whether in or out of India) or amount received or deemed to be received in India is covered by sub-section (2) of Section 44BB of the Act by fiction created under Section 44BB of the Act it becomes income under Sections 5 and 9 of the Act as well. Held that - Applications for hearing in open Court are rejected. We have perused the review petitions and the connected papers. No merit in the review petitions and the same stand dismissed.

Summary

Title: Supreme Court of India rejects review petitions

Citation: 2018 (6) TMI 970 - SC Order

Judges: MR. A.K. SIKRI AND MR ASHOK BHUSHAN, JJ.

Decision: Applications for hearing in open Court are rejected. Review petitions are dismissed.