https://www.taxtmi.com/caselaws?id=119729 The ITAT ruled in favor of the assessee, determining that only the portions of demobilization and mobilization charges attributable to activities within Indian territorial waters are taxable under section 44BB of the Income-tax Act, 1961. Furthermore, the ITAT decided that reimbursements for expenses should not be included in the receipts for computing presumptive income under the same section. en-us Fri, 22 Dec 2006 00:00:00 +0530 Tue, 27 Feb 2024 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119729 The ITAT ruled in favor of the assessee, determining that only the portions of demobilization and mobilization charges attributable to activities within Indian territorial waters are taxable under section 44BB of the Income-tax Act, 1961. Furthermore, the ITAT decided that reimbursements for expenses should not be included in the receipts for computing presumptive income under the same section. Case-Laws Income Tax Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119729