https://www.taxtmi.com/caselaws?id=332082 The Authority for Advance Rulings in New Delhi ruled that a UK-based company providing coring services to global oil & gas companies, including ONGC, is subject to tax liability under Section 44BB for income generated. The judgment aligns the company's activities with the scope of Section 44BB, referencing a Supreme Court ruling and dismissing objections regarding subcontract agreements. The ruling clarifies that Section 44BB applies based on activities performed, regardless of contractor or subcontractor status, leading to the taxation of all considerations received by the company. en-us Mon, 04 Apr 2016 00:00:00 +0530 Thu, 02 Feb 2017 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332082 The Authority for Advance Rulings in New Delhi ruled that a UK-based company providing coring services to global oil & gas companies, including ONGC, is subject to tax liability under Section 44BB for income generated. The judgment aligns the company's activities with the scope of Section 44BB, referencing a Supreme Court ruling and dismissing objections regarding subcontract agreements. The ruling clarifies that Section 44BB applies based on activities performed, regardless of contractor or subcontractor status, leading to the taxation of all considerations received by the company. Case-Laws Income Tax Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332082