https://www.taxtmi.com/highlights?id=52516 Interpretation of Section 44BB and 44DA - bifurcation between the supply of software as well as ancillary services such as maintenance and installation - It is question of fact - CIT directed to determine income on account of receipts from provision of software enabled solutions to the oil and gas industry along with providing annual maintenance services of the software - CIT to assess the Petitioner’s income and tax payable thereon by first determining the nature of the income/receipts in the hands of the assessee in light of the observations made in this judgment. - HC en-us Mon, 23 Mar 2020 13:26:24 +0530 Mon, 23 Mar 2020 13:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52516 Interpretation of Section 44BB and 44DA - bifurcation between the supply of software as well as ancillary services such as maintenance and installation - It is question of fact - CIT directed to determine income on account of receipts from provision of software enabled solutions to the oil and gas industry along with providing annual maintenance services of the software - CIT to assess the Petitioner’s income and tax payable thereon by first determining the nature of the income/receipts in the hands of the assessee in light of the observations made in this judgment. - HC Highlights Income Tax Mon, 23 Mar 2020 13:26:24 +0530 https://www.taxtmi.com/highlights?id=52516