https://www.taxtmi.com/caselaws?id=242076 Section 44BB was applied as a complete code for computing deemed profits from oil exploration services, requiring inclusion of amounts paid or payable in connection with the services and facilities covered by the provision. Mobilisation and demobilisation charges were treated as part of the aggregate receipts even where the voyage was undertaken outside Indian territorial waters, and reimbursement of actual expenses incurred on behalf of the client was also held includible in the gross receipts. The text notes that both issues were covered by binding precedent followed in the assessee's own earlier years, leaving no basis for exclusion from the computation base. en-us Fri, 26 Apr 2013 00:00:00 +0530 Wed, 16 Mar 2016 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242076 Section 44BB was applied as a complete code for computing deemed profits from oil exploration services, requiring inclusion of amounts paid or payable in connection with the services and facilities covered by the provision. Mobilisation and demobilisation charges were treated as part of the aggregate receipts even where the voyage was undertaken outside Indian territorial waters, and reimbursement of actual expenses incurred on behalf of the client was also held includible in the gross receipts. The text notes that both issues were covered by binding precedent followed in the assessee's own earlier years, leaving no basis for exclusion from the computation base. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242076