https://www.taxtmi.com/highlights?id=68592 Contract receipts from HPCL - applicability of section 44BBB and Rule 10(i) - Even, assuming that section 44BBB applies, sub-section (2) of section 44BBB carves out an exception by providing that the assessee may claim lower profit, if he keeps and maintains the books of account and documents prescribed under section 44AA and his accounts are audited in terms of section 44AB. - AT en-us Sat, 04 Mar 2023 09:39:35 +0530 Sat, 04 Mar 2023 09:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68592 Contract receipts from HPCL - applicability of section 44BBB and Rule 10(i) - Even, assuming that section 44BBB applies, sub-section (2) of section 44BBB carves out an exception by providing that the assessee may claim lower profit, if he keeps and maintains the books of account and documents prescribed under section 44AA and his accounts are audited in terms of section 44AB. - AT Highlights Income Tax Sat, 04 Mar 2023 09:39:35 +0530 https://www.taxtmi.com/highlights?id=68592