Repair Work Inextricably connected with Prospecting, Extraction or Production of Mineral Oil Taxable u/s 44BB: ITAT [Read Order]

ITAT delhi - assessee - ONGC - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that repair work inextricably connected with prosecting, extraction or production of mineral oil are taxable under Section 44B of the Income Tax Act, 1961. The assessee, Cameron (Singapore) Pte. Ltd. has challenged the taxability of the receipts from repair services stated to have been…

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