https://www.taxtmi.com/caselaws?id=444088 The Tribunal allowed the appeal partly, directing the AO to assess the income under Section 44BB of the Income-tax Act for a non-resident company providing services to ONGC and Petrogas E&P LLC. Disallowances of expenses made by the AO were overturned due to the non-obstante clause in Section 44BB(1). The Tribunal instructed the AO to ensure proper credit for Tax Deducted at Source and dismissed the initiation of penalty proceedings under Sections 271G and 271BA as separate from the appeal. en-us Fri, 15 Sep 2023 00:00:00 +0530 Mon, 09 Oct 2023 17:51:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444088 The Tribunal allowed the appeal partly, directing the AO to assess the income under Section 44BB of the Income-tax Act for a non-resident company providing services to ONGC and Petrogas E&P LLC. Disallowances of expenses made by the AO were overturned due to the non-obstante clause in Section 44BB(1). The Tribunal instructed the AO to ensure proper credit for Tax Deducted at Source and dismissed the initiation of penalty proceedings under Sections 271G and 271BA as separate from the appeal. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444088