https://www.taxtmi.com/caselaws?id=251488 The tribunal partially allowed the appeal, determining that the assessee's income should be computed under Section 44BB as their activities were connected to the extraction or production of mineral oils. The tribunal dismissed the validity of reassessment and penalty levy grounds as not pressed and premature, respectively. It emphasized the comprehensive nature of the assessee's services, beyond mere transportation, aligning with Section 44BB provisions. en-us Fri, 29 Aug 2014 00:00:00 +0530 Tue, 16 Sep 2014 11:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251488 The tribunal partially allowed the appeal, determining that the assessee's income should be computed under Section 44BB as their activities were connected to the extraction or production of mineral oils. The tribunal dismissed the validity of reassessment and penalty levy grounds as not pressed and premature, respectively. It emphasized the comprehensive nature of the assessee's services, beyond mere transportation, aligning with Section 44BB provisions. Case-Laws Income Tax Fri, 29 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251488