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Mere claim of income without any enforceable right does not result into any income
Case Law Details
- Case Name
- Deep Drilling 1 Pte. Ltd. Vs Assistant Director of Income-tax (International Taxation) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
ITAT MUMBAI
Deep Drilling 1 Pte. Ltd.
V/s.
Assistant Director of Income-tax (International Taxation)
IT APPEAL NO. 9038 (MUM.) OF 2010
[ASSESSMENT YEAR 2007-08]
APRIL 2, 2012
ORDER
R.S. Syal, Accountant Member – This appeal by the assessee arises out of the order passed by the Assessing Officer u/s 143(3) r.w.s. 144C(13) of the Income-tax Act, 1961 on 25.10.2010, in relation to the assessment year 2007-2008.
2. The first ground is against the taxability of mobilization fee received outside India for the voyage carried out outside India amounting to Rs. 1,46,95,980 u/s 44BB of the Act.
3...
