https://www.taxtmi.com/caselaws?id=331940 The Tribunal decided in favor of the assessee by excluding the reimbursement of service tax from gross receipts for computing income under section 44BB. However, it ruled in favor of the revenue by including the reimbursement for the loss of equipment in the hole in gross receipts. The Tribunal also held that Communication Immersat Charges are not taxable under section 44BB. Additionally, the Tribunal upheld the application of section 44BB for revenues earned from non-resident companies for offshore drilling rig hire, rejecting the argument to tax the receipts as royalty under section 9(1)(vi) read with sections 44DA and 115A. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 06 Sep 2016 13:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331940 The Tribunal decided in favor of the assessee by excluding the reimbursement of service tax from gross receipts for computing income under section 44BB. However, it ruled in favor of the revenue by including the reimbursement for the loss of equipment in the hole in gross receipts. The Tribunal also held that Communication Immersat Charges are not taxable under section 44BB. Additionally, the Tribunal upheld the application of section 44BB for revenues earned from non-resident companies for offshore drilling rig hire, rejecting the argument to tax the receipts as royalty under section 9(1)(vi) read with sections 44DA and 115A. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331940