No Scope for Calculations or recalculations of income declared u/s. 44BB

ITAT DELHI BENCH ‘E’ M-I Overseas Ltd. V/s. Director of Income-tax, International Taxation  IT Appeal No. 2456 (Delhi) of 2011- Assessment Year 2006-07 Date of Pronouncement – 11.05.2012 ORDER B.C. Meena, Accountant Member  This appeal filed by the assessee emanates from the order of the Director of Income Tax, International Taxation-II, New Delhi dated 28.03.2011 for the assessment year 2006-07. 2. The return of income was filed on 30.03.2007 declaring income of Rs. 6,18,35,432/-. During the year, assessee has received the gross revenue of Rs. 1,58,93,17,...