12 principles governing section 44BB culled out from various judgments

Swiwar Offshore Pte. Ltd. Vs. Addl. DIT (ITAT Mumbai)

Some of the general principles, governing the section, culled out from various judgments can be summarized as under:

i. Once section 44BB is applied, two conclusions become inescapable. The first conclusion is that 10% of the receipts by the fore

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