2015 (8) TMI 1253

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..... r>Dated:- 6-8-2015
Income Tax Appeal No. 34 of 2015, 36 of 2015, 64 of 2014, 65 of 2014, 66 of 2014, 67 of 2014, 68 of 2014, 69 of 2014, 72 of 2014, 73 of 2014, 71 of 2014, 75 of 2014, 76 of 2014, 28 of 2015, 27 OF 2015 - -
Income Tax
Assessability of the amounts under Section 44BB - Held that:- In the light of the judgment of the Hon’ble Apex Court in Oil & Natural Gas Corporation Limite .....

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..... r substantial questions of law have been framed in all these appeals. Therefore, they are being disposed of by this common judgment. 2. The main substantial question of law, which would arise in all these appeals, relate to the assessability of the amounts under Section 44BB of the Income Tax Act. 3. We have heard the learned counsel for the parties. 4. In the light of the judgment of the Hon'b .....

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..... under Section 234B even on the basis of answering all the substantial questions of law against the Revenue. 6. In such circumstances, the appeals are disposed of as follows: (i) We answer the questions of law relating to the assessability of the amounts under Section 44BB against the Revenue. (ii) In relation to the substantial questions of law relating to Section 234B, we remit the matter bac .....

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