https://www.taxtmi.com/caselaws?id=33585 The High Court analyzed the interpretation of Section 44BB of the Income Tax Act, 1961, regarding the inclusion of reimbursed expenses in gross receipts for non-resident assessees engaged in mineral oil exploration. The Court held that catering charges and fuel expenses reimbursed to the non-resident assessee are considered 'services and facilities' related to mineral oil extraction, thus should be included in the gross receipts. The Court overturned the decisions of the ITAT and CIT(A), reinstating the Assessing Officer's decision to include the reimbursed expenses in the gross receipts of the non-resident company for the purpose of calculating deemed profits under Section 44BB. en-us Fri, 22 May 2009 00:00:00 +0530 Sun, 28 Jun 2009 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33585 The High Court analyzed the interpretation of Section 44BB of the Income Tax Act, 1961, regarding the inclusion of reimbursed expenses in gross receipts for non-resident assessees engaged in mineral oil exploration. The Court held that catering charges and fuel expenses reimbursed to the non-resident assessee are considered 'services and facilities' related to mineral oil extraction, thus should be included in the gross receipts. The Court overturned the decisions of the ITAT and CIT(A), reinstating the Assessing Officer's decision to include the reimbursed expenses in the gross receipts of the non-resident company for the purpose of calculating deemed profits under Section 44BB. Case-Laws Income Tax Fri, 22 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33585