Consideration received for technical services rendered in connection with prospecting for or extraction or production of mineral oil taxable us 115A

M/s. CGG Veritas Services SA Vs. ADIT (International taxation) – ITAT Delhi

In this case, the issue which arose before the Honorable Delhi Tribunal was that whether income received by the assessee for provisioning of technical services in connection with prospecting or extraction or production of mineral oil would be taxable under section 9(1)(vii) read with section 115A of the Income Tax Act,1961(‘the IT Act’) or section 44BB of the IT Act.

The Tribunal held that where the services rendered

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