https://www.taxtmi.com/caselaws?id=243435 Reimbursements of actual expenses received by a non-resident assessee from customers were held to form part of gross receipts for computation under section 44BB of the Income-tax Act. The jurisdictional High Court's view that section 44BB is a complete code for presumptive taxation in relation to services and facilities connected with mineral oil exploration was applied, so all amounts received or receivable in connection with such services were included in the aggregate receipts for deemed profit computation. Because the reimbursements were inextricably linked to the services rendered, they could not be excluded from the taxable base, and the issue was decided against the assessee. en-us Fri, 16 Aug 2013 00:00:00 +0530 Sat, 01 Feb 2014 11:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243435 Reimbursements of actual expenses received by a non-resident assessee from customers were held to form part of gross receipts for computation under section 44BB of the Income-tax Act. The jurisdictional High Court's view that section 44BB is a complete code for presumptive taxation in relation to services and facilities connected with mineral oil exploration was applied, so all amounts received or receivable in connection with such services were included in the aggregate receipts for deemed profit computation. Because the reimbursements were inextricably linked to the services rendered, they could not be excluded from the taxable base, and the issue was decided against the assessee. Case-Laws Income Tax Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243435