https://www.taxtmi.com/caselaws?id=192534 The Tribunal upheld the CIT(A)'s findings, confirming that income from services related to the prospecting, extraction, or production of mineral oils is taxable under Section 44BB. The reassessment under Section 148 was deemed valid, and the disallowances of material costs and other expenses were properly deleted by the CIT(A). Interest under Section 234B was not applicable. As a result, all appeals filed by the parties for the respective assessment years were dismissed. en-us Mon, 31 Oct 2016 00:00:00 +0530 Mon, 05 Jun 2017 07:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192534 The Tribunal upheld the CIT(A)'s findings, confirming that income from services related to the prospecting, extraction, or production of mineral oils is taxable under Section 44BB. The reassessment under Section 148 was deemed valid, and the disallowances of material costs and other expenses were properly deleted by the CIT(A). Interest under Section 234B was not applicable. As a result, all appeals filed by the parties for the respective assessment years were dismissed. Case-Laws Income Tax Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192534