Applicability of section 44BB of the IT Act on mobilization/ demolization charges received by a non-resident foreign company

RELEVANT PARAGRAPH

4. Brief facts of the case giving rise to this appeal are that assessee, a non-resident foreign company, engaged in the business of providing services in connection with extraction and production of mineral oils, submitted its return of income declaring income at Rs. 2,11,79,270/ – for the Assessment Year 1999-2000. The case was processed under Section 143(1) of the Income Tax Act by the Assessing Officer, who issued notices under Secti

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