2016 (9) TMI 346

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..... and hold that the consideration received by the applicant from the aforementioned contract dated 13-3-2012 being contract No. MR/WOB/MM/SC/2D(LO)64/2011/P96DL11005/EB-2167 between Oil and Natural Gas Corporation Limited and Marine Geology Services LLP will be covered under section 44BB of the Income-tax Act, 1961. - A.A.R. No. 1368 of 2012 - - - Dated:- 13-7-2016 - V.S. SIRPURKAR AND A.K. Tewar .....

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..... xable in accordance with section 44BB of the Income-tax Act, 1961 ('Act'). 2. We have considered this question. In our earlier ruling dated 22-12-2009 this Authority has already considered the question, even the present Tribunal has considered this question in number of rulings, and reliance was placed on the decision of the Supreme Court of India in ONGC v. CIT. The Apex Court has cons .....

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