https://www.taxtmi.com/caselaws?id=338299 Receipts from non-PSC oilfield contracts were treated as falling within the section 44BB presumptive regime because the contracts were inextricably connected with prospecting for, extraction or production of mineral oil and the dominant purpose of the contract governed applicability. Service tax and VAT were left for factual verification on whether they were separately charged and separately passed on, so the matter was remitted for fresh examination. Interest on income-tax refund was held taxable at the domestic rate, following binding precedent, rather than at the treaty rate under the India-UK DTAA. Reimbursements of actual expenditure received in the oilfield services context were also treated as includible in the taxable amount under the applicable special computation provision. en-us Fri, 09 Dec 2016 00:00:00 +0530 Mon, 30 Jan 2017 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338299 Receipts from non-PSC oilfield contracts were treated as falling within the section 44BB presumptive regime because the contracts were inextricably connected with prospecting for, extraction or production of mineral oil and the dominant purpose of the contract governed applicability. Service tax and VAT were left for factual verification on whether they were separately charged and separately passed on, so the matter was remitted for fresh examination. Interest on income-tax refund was held taxable at the domestic rate, following binding precedent, rather than at the treaty rate under the India-UK DTAA. Reimbursements of actual expenditure received in the oilfield services context were also treated as includible in the taxable amount under the applicable special computation provision. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338299