https://www.taxtmi.com/caselaws?id=398123 The High Court upheld the applicability of Section 44BB over Section 44D read with Section 115A of the Income-Tax Act, 1961, in a case involving payments for supervising drilling operations in Indian oil fields. It was determined that the services provided were directly linked to oil and gas exploration, falling under Section 44BB. The court rejected the classification of the foreign company's Indian permanent establishment as an "Indian concern" under Section 44D, emphasizing that the company's non-resident status precluded such classification. The appeal was dismissed in favor of the assessee. en-us Mon, 13 Jan 2020 00:00:00 +0530 Sun, 06 Sep 2020 21:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398123 The High Court upheld the applicability of Section 44BB over Section 44D read with Section 115A of the Income-Tax Act, 1961, in a case involving payments for supervising drilling operations in Indian oil fields. It was determined that the services provided were directly linked to oil and gas exploration, falling under Section 44BB. The court rejected the classification of the foreign company's Indian permanent establishment as an "Indian concern" under Section 44D, emphasizing that the company's non-resident status precluded such classification. The appeal was dismissed in favor of the assessee. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398123