Mere claim of income without any enforceable right does not result into any income

ITAT MUMBAI Deep Drilling 1 Pte. Ltd. V/s. Assistant Director of Income-tax (International Taxation) IT APPEAL NO. 9038 (MUM.) OF 2010 [ASSESSMENT YEAR 2007-08] APRIL 2, 2012 ORDER R.S. Syal, Accountant Member – This appeal by the assessee arises out of the order passed by the Assessing Officer u/s 143(3) r.w.s. 144C(13) of the Income-tax Act, 1961 on 25.10.2010, in relation to the assessment year 2007-2008. 2. The first ground is against the taxability of mobilization fee received outside India for the voyage carried out outside India amounting to Rs. 1,46,95,980 u/s 4...