https://www.taxtmi.com/caselaws?id=4211 The High Court upheld the Revenue's appeal, ruling that the amount received as reimbursement for spare parts supply should be included in the taxable profit calculation under section 44BB of the Income-tax Act, 1961. The court found that such amounts fall within the scope of section 44BB, which pertains to services and facilities related to mineral oil production in India. Consequently, the High Court set aside the orders of the Tribunal and Commissioner, affirming the Assessing Officer's decision and favoring the Revenue over the assessee. en-us Mon, 08 Oct 2007 00:00:00 +0530 Sat, 26 Jul 2008 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4211 The High Court upheld the Revenue's appeal, ruling that the amount received as reimbursement for spare parts supply should be included in the taxable profit calculation under section 44BB of the Income-tax Act, 1961. The court found that such amounts fall within the scope of section 44BB, which pertains to services and facilities related to mineral oil production in India. Consequently, the High Court set aside the orders of the Tribunal and Commissioner, affirming the Assessing Officer's decision and favoring the Revenue over the assessee. Case-Laws Income Tax Mon, 08 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4211