Income from services in connection with seismic surveys, data acquisition, processing and interpretation of such data is covered under Section 44BB of

Citation : Geo Fizyka Torun Sp. ZO. O. – A.A.R. No. 813 of 2009

Court : Advance Ruling Authority of India

Income from services in connection with seismic surveys, data acquisition, processing and interpretation of such data is covered under Section 44BB of the IT Act, 1961 and cannot be regarded as ‘fees for technical services’.

Facts

The applicant (Geofizyka Torun Sp.zo.o.) is a company incorporated in Poland and a tax resident of Poland. It provides geophysical services to the international oil and gas industry. The applicant conducts seismic surveys and provides on-shore seismic data acquisition and other associated services such as processing and interpretation of such data to global oil and gas companies. The essential purpose of seismic data acquisition is to identify the existence of hydrocarbons underneath the earth’s surface.

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