Mobilization Charges from prospecting of oil and natural gas is to be taxed u/s. 44BB

IN THE ITAT DELHI BENCH ‘B’ EMGS Project Office Versus Deputy Director of Income-tax, International Taxation IT APPEAL NO. 306 (DELHI) OF 2012 [ASSESSMENT YEAR 2006-07] SEPTEMBER 21, 2012 ORDER A.D. Jain, Judicial Member This is an appeal filed by the assessee for Assessment Year 2006-07 against the order dated 01.11.2011 passed by the CIT(A)-II, Dehradun. The grievance of the assessee in this case is that the Ld. CIT(A) has erred in confirming the order passed by the Assessing Officer with respect to taxability of mobilization revenue attributable to the operation...