Being original contract and amendments inextricably linked with business of exploration of minerals, assessable u/s 44BB – AAR

Brief of the Case Authority for Advance Rulings held In the case of Aker Contracting FP ASA, Norway, USA that it is beyond doubt that the consideration received as per amended order is similar to consideration received as per original contract. It is also established that both original contract and amendments therein by way of Change order are inextricably linked with extraction, processing, production, storing & offloading of crude oil and natural gas for which RIL had floated tender and granted the contract to the applicant. Hence, the applicant would be governed by provisions of Sectio...