S.C : Whether the amounts paid by the ONGC to the non-resident assessees/foreign companies for providing various services in connection with prospecting, extraction or production of mineral oil is chargeable to tax as “fees for technical services” under Section 44D read with Explanation 2 to Section 9(1)(vii) of the Income Tax Act or will such payments be taxable on a presumptive basis under Section 44BB of the Act’

Supreme Court Of India Oil & Natural Gas Corporation Ltd. vs. CIT Section : 44BB Assessment years : 1985-86 and 1986-87 Ranjan Gogoi And Pinaki Chandra Ghose, JJ. Civil Appeal Nos. 731 Of 2007 & Others July 1, 2015 JUDGMENT Ranjan Gogoi, J. – The issue that arise for consideration in this group of appeals…

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