https://www.taxtmi.com/caselaws?id=173056 The ruling determined that section 44BBB was applicable in determining taxable profits for a foreign company engaged in dredging and marine contracting in India. The company's temporary project office did not constitute a permanent establishment in India, and various tax-related queries regarding depreciation, repairs, maintenance expenses, standing charges, and credit for tax deducted at source were addressed. The judgment clarified that a fixed percentage of the contract amount would be considered as profits chargeable to tax under section 44BBB, resolving the primary issue raised in the application. en-us Mon, 14 Dec 1998 00:00:00 +0530 Fri, 23 Oct 2015 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173056 The ruling determined that section 44BBB was applicable in determining taxable profits for a foreign company engaged in dredging and marine contracting in India. The company's temporary project office did not constitute a permanent establishment in India, and various tax-related queries regarding depreciation, repairs, maintenance expenses, standing charges, and credit for tax deducted at source were addressed. The judgment clarified that a fixed percentage of the contract amount would be considered as profits chargeable to tax under section 44BBB, resolving the primary issue raised in the application. Case-Laws Income Tax Mon, 14 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173056