https://www.taxtmi.com/caselaws?id=277844 The judgment ruled in favor of the applicant, affirming that revenues from the seismic data acquisition and processing contract are taxable under section 44BB of the Income-tax Act, 1961. It also held that the entire mobilization/demobilization revenues related to seismic data activities should be taxable in India at a specified rate. The judgment clarified the application of section 44BB(3), emphasizing the options available for income computation under the provisions. en-us Mon, 25 Jul 2011 00:00:00 +0530 Wed, 26 Dec 2018 15:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277844 The judgment ruled in favor of the applicant, affirming that revenues from the seismic data acquisition and processing contract are taxable under section 44BB of the Income-tax Act, 1961. It also held that the entire mobilization/demobilization revenues related to seismic data activities should be taxable in India at a specified rate. The judgment clarified the application of section 44BB(3), emphasizing the options available for income computation under the provisions. Case-Laws Income Tax Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277844