https://www.taxtmi.com/caselaws?id=310602 ITAT Delhi held that assessee's receipts from services related to installation/handling tools for wellhead/X-mas tree installation in mineral oil prospecting constitute revenues chargeable to tax under section 44BB rather than Fees for Technical Services. The tribunal followed its own coordinate bench decision for A.Y. 2010-11 and relied on SC precedent in ONGC case, rejecting assessee's argument that services were FTS and confirming taxation under section 44BB provisions. en-us Wed, 06 Jun 2018 00:00:00 +0530 Thu, 02 Nov 2023 19:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310602 ITAT Delhi held that assessee's receipts from services related to installation/handling tools for wellhead/X-mas tree installation in mineral oil prospecting constitute revenues chargeable to tax under section 44BB rather than Fees for Technical Services. The tribunal followed its own coordinate bench decision for A.Y. 2010-11 and relied on SC precedent in ONGC case, rejecting assessee's argument that services were FTS and confirming taxation under section 44BB provisions. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310602