https://www.taxtmi.com/caselaws?id=201838 The High Court held that catering charges are to be included in the calculation of deemed profits for non-resident assessees engaged in the business of mineral oils under Section 44BB of the Income Tax Act, 1961. The Court overturned the decisions of the ITAT and CIT(A) and restored the Assessing Officer's order, emphasizing that catering charges are part of 'services and facilities' related to mineral oil extraction and should not be excluded from the calculation. This ruling ensures proper taxation treatment for catering charges in the context of non-resident assessees in the mineral oil business. en-us Fri, 24 Apr 2009 00:00:00 +0530 Tue, 09 Jul 2013 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201838 The High Court held that catering charges are to be included in the calculation of deemed profits for non-resident assessees engaged in the business of mineral oils under Section 44BB of the Income Tax Act, 1961. The Court overturned the decisions of the ITAT and CIT(A) and restored the Assessing Officer's order, emphasizing that catering charges are part of 'services and facilities' related to mineral oil extraction and should not be excluded from the calculation. This ruling ensures proper taxation treatment for catering charges in the context of non-resident assessees in the mineral oil business. Case-Laws Income Tax Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201838