https://www.taxtmi.com/caselaws?id=203320 The Authority for Advance Rulings ruled in favor of the applicant regarding the taxability of revenues earned under seismic data acquisition contracts in India under section 44BB of the Income-tax Act. It was held that the entire mobilization/demobilization revenues received for such contracts in India are taxable in India at the specified rate, emphasizing the application of specific sections for computing profits related to exploration activities. en-us Mon, 16 May 2011 00:00:00 +0530 Thu, 04 Jul 2013 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203320 The Authority for Advance Rulings ruled in favor of the applicant regarding the taxability of revenues earned under seismic data acquisition contracts in India under section 44BB of the Income-tax Act. It was held that the entire mobilization/demobilization revenues received for such contracts in India are taxable in India at the specified rate, emphasizing the application of specific sections for computing profits related to exploration activities. Case-Laws Income Tax Mon, 16 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203320