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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Business of exploration, etc., of mineral oils - inclusion of ...


Supreme Court Upholds Inclusion of Mobilization Payments in Gross Revenue for Mineral Oil Exploration u/s 44BB.

November 1, 2017

Case Laws     Income Tax     SC

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 - order of AO confirmed - SC

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