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2013 (10) TMI 879
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....he Respondent : Mr. H. M. Bhatia, Advocate JUDGMENT Barin Ghosh, C. J. (Oral) Certain amount of money was received by the assessee during the relevant assessment year under an award given by an arbitrator. The Assessing Officer found, as a fact, that the award was on account of loss of tools and equipments while carrying out well logging operation in oil well. This finding was not under c....
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....ither paid or payable (whether in India or outside India) or received or deemed to be received (whether in India or outside India), are mutually inclusive and this amount is the basis of determination of deemed profits and gains of the assessee at 10 per cent and also that the amount paid or received refers to the total payment to the assessee or payable to the assessee or deemed to be received by....