https://www.taxtmi.com/caselaws?id=275158 The Appellate Tribunal upheld the CIT(A)'s decisions on both issues in the case. Regarding the first issue, it affirmed that the amount received for mobilisation/demobilisation of vessels and equipment outside Indian territorial waters should be included in gross receipts under Section 44BB of the Income Tax Act. On the second issue, the Tribunal agreed with the CIT(A) that service tax collected should not be considered part of gross receipts for income computation under the Act, following the decision of the Hon'ble Delhi High Court over the Mumbai Bench Tribunal ruling. Both appeals by the assessee and Revenue were dismissed accordingly. en-us Wed, 20 Jun 2018 00:00:00 +0530 Thu, 20 Sep 2018 06:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275158 The Appellate Tribunal upheld the CIT(A)'s decisions on both issues in the case. Regarding the first issue, it affirmed that the amount received for mobilisation/demobilisation of vessels and equipment outside Indian territorial waters should be included in gross receipts under Section 44BB of the Income Tax Act. On the second issue, the Tribunal agreed with the CIT(A) that service tax collected should not be considered part of gross receipts for income computation under the Act, following the decision of the Hon'ble Delhi High Court over the Mumbai Bench Tribunal ruling. Both appeals by the assessee and Revenue were dismissed accordingly. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275158