https://www.taxtmi.com/caselaws?id=350199 SC held that amounts paid as mobilisation/demobilisation under contracts for mineral oil operations constitute profits and gains of business and are taxable under s.44BB read with ss.5 and 9, because such payments are not mere reimbursements and are treated as income earned in India; the assessments by the AO were upheld and the assessees' appeals dismissed. In the separate appeal by the revenue, the HC was affirmed: compensation for tools lost by the contractor paid by the procurer did not fall within s.44BB. en-us Mon, 30 Oct 2017 00:00:00 +0530 Wed, 08 Apr 2026 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350199 SC held that amounts paid as mobilisation/demobilisation under contracts for mineral oil operations constitute profits and gains of business and are taxable under s.44BB read with ss.5 and 9, because such payments are not mere reimbursements and are treated as income earned in India; the assessments by the AO were upheld and the assessees' appeals dismissed. In the separate appeal by the revenue, the HC was affirmed: compensation for tools lost by the contractor paid by the procurer did not fall within s.44BB. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350199