https://www.taxtmi.com/caselaws?id=369142 Disallowances of depreciation and related expenses were remitted because the DRP had sustained them by reference to earlier years without independently addressing the assessee's objections; a speaking and reasoned order was required. Service tax collected under the HOEC contract was held outside gross receipts for presumptive computation under section 44BB, as it was collected only for remittance to the Government, and the addition was deleted. The receipts from the HOEC contract were also held to fall within section 44BB, since the services were intrinsically connected with exploration and allied mineral oil activities rather than fees for technical services. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 08 Aug 2022 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369142 Disallowances of depreciation and related expenses were remitted because the DRP had sustained them by reference to earlier years without independently addressing the assessee's objections; a speaking and reasoned order was required. Service tax collected under the HOEC contract was held outside gross receipts for presumptive computation under section 44BB, as it was collected only for remittance to the Government, and the addition was deleted. The receipts from the HOEC contract were also held to fall within section 44BB, since the services were intrinsically connected with exploration and allied mineral oil activities rather than fees for technical services. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369142