https://www.taxtmi.com/caselaws?id=341384 Receipts from a vessel hired for offshore construction and pipeline-related operations were taxable under section 44BB because direct contractual privity with the entity engaged in mineral oil operations was not essential. The Tribunal followed its earlier decision in the assessee's own case and held that use of the vessel in activities connected with prospecting, extraction, or production of mineral oils satisfied the statutory nexus. The receipt from M/s. Leighton Contractors (India) P. Ltd. was therefore brought within section 44BB. en-us Wed, 29 Mar 2017 00:00:00 +0530 Fri, 07 Apr 2017 08:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341384 Receipts from a vessel hired for offshore construction and pipeline-related operations were taxable under section 44BB because direct contractual privity with the entity engaged in mineral oil operations was not essential. The Tribunal followed its earlier decision in the assessee's own case and held that use of the vessel in activities connected with prospecting, extraction, or production of mineral oils satisfied the statutory nexus. The receipt from M/s. Leighton Contractors (India) P. Ltd. was therefore brought within section 44BB. Case-Laws Income Tax Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341384