Section 44BB(2) Clarifies Inclusion of Foreign Mobilization Advances in Taxable Amount for 3D Seismic Data Acquisition.

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....Acquisition of 3D sesismic data - the provisions of Section 5(2) will not stand on the way of the Authorities insisting on the amount of mobilization advance received by the appellant outside India being included - Section 44BB(2) clearly provides for reckoning the amount received outside India also for calculating the amount. - HC....