Case Law Details
Case Name : UMW Sher (L) Ltd. Vs Assessing Officer (ITAT Delhi)
Appeal Number : ITA Nos.569 &
Date of Judgement/Order : 570/Del/2021
Related Assessment Year : 01/02/2023
Courts :
All ITAT ITAT Delhi
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UMW Sher (L) Ltd. Vs Assessing Officer (ITAT Delhi)
ITAT Delhi held that receipts from leasing/ hiring of Rigs are taxable as business profit under section 44BB of the Income Tax Act. Such receipts are not in the nature of royalty and hence cannot be taxed under section 9(1)(vi)
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