https://www.taxtmi.com/caselaws?id=249565 The Tribunal partially allowed the appeals, ruling that income from services related to oil exploration should be taxed under Section 44BB for years before 2011-12. Revenue from offshore sales was deemed taxable in India as the title passed in India. Interest under Section 234B was applicable where the assessee initially denied tax liability. The issue of penalty under Section 271B was not addressed at this stage. en-us Fri, 11 Jul 2014 00:00:00 +0530 Tue, 07 Apr 2015 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249565 The Tribunal partially allowed the appeals, ruling that income from services related to oil exploration should be taxed under Section 44BB for years before 2011-12. Revenue from offshore sales was deemed taxable in India as the title passed in India. Interest under Section 234B was applicable where the assessee initially denied tax liability. The issue of penalty under Section 271B was not addressed at this stage. Case-Laws Income Tax Fri, 11 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249565