https://www.taxtmi.com/caselaws?id=332085 The Authority ruled in favor of Marine Geology Services LLP, holding that the consideration received from the contract with Oil & Natural Gas Corporation Ltd. is taxable under section 44BB of the Income-tax Act, 1961. The ruling clarified the tax treatment for the services provided by Marine Geology Services LLP, aligning with previous judicial precedents and providing certainty on the tax implications of such transactions. en-us Wed, 13 Jul 2016 00:00:00 +0530 Fri, 09 Sep 2016 22:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332085 The Authority ruled in favor of Marine Geology Services LLP, holding that the consideration received from the contract with Oil & Natural Gas Corporation Ltd. is taxable under section 44BB of the Income-tax Act, 1961. The ruling clarified the tax treatment for the services provided by Marine Geology Services LLP, aligning with previous judicial precedents and providing certainty on the tax implications of such transactions. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332085