https://www.taxtmi.com/caselaws?id=175969 Offshore construction, transportation, installation and pipe-laying services were treated as intrinsically connected with mineral oil exploration and extraction, so receipts from those activities fell within the notification extending the Income-tax Act to the Continental Shelf and Exclusive Economic Zone and were taxable under section 44BB. The assessee's office in India constituted a permanent establishment under the India-Italy treaty, but taxation was confined to profits attributable to that establishment. Where reliable original books and supporting records were not produced, the accounts could be rejected and income estimated under Rule 10 read with section 44BB. Tax borne by Indian contractees was additional taxable income and had to be grossed up once on a single-stage basis. Mobilisation, demobilisation and insurance receipts were also includible in gross receipts. en-us Fri, 31 Aug 2001 00:00:00 +0530 Wed, 09 Dec 2015 15:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175969 Offshore construction, transportation, installation and pipe-laying services were treated as intrinsically connected with mineral oil exploration and extraction, so receipts from those activities fell within the notification extending the Income-tax Act to the Continental Shelf and Exclusive Economic Zone and were taxable under section 44BB. The assessee's office in India constituted a permanent establishment under the India-Italy treaty, but taxation was confined to profits attributable to that establishment. Where reliable original books and supporting records were not produced, the accounts could be rejected and income estimated under Rule 10 read with section 44BB. Tax borne by Indian contractees was additional taxable income and had to be grossed up once on a single-stage basis. Mobilisation, demobilisation and insurance receipts were also includible in gross receipts. Case-Laws Income Tax Fri, 31 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175969