The assessee’s income no doubt is derived from letting out the ...

Income from Leasing Plant or Ship for Mineral Oil Triggers Section 44BB Provisions for Tax Assessment.

March 5, 2015

Case Laws Income Tax AT

The assessee’s income no doubt is derived from letting out the plant/ship which is used for prospecting for or extraction or production of mineral oil, therefore, the second limb of sec. 44BB is clearly attracted in the instant case. - AT

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The assessee’s income no doubt is derived from letting out the ...

Income from Leasing Plant or Ship for Mineral Oil Triggers Section 44BB Provisions for Tax Assessment.

March 5, 2015

Case Laws Income Tax AT

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