Case Law Details
Case Name : M/s Sundowner Offshore International (Bermuda) Ltd. Vs ADIT (International Taxation) (ITAT Delhi)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Delhi
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Brief of the case:
ITAT Delhi held in M/s Sundowner offshore International (Bermuda) Ltd Vs ADIT (International Taxation, Dehradun) that for calculating the gross receipts for sec 44BB, reimbursement of service tax not to be included in gross receipts and 10% of the total gross receipts without considering the service tax would be taken as taxable income of the assesse. Service tax was a statutory liability just like custom duty, excise duty etc. which was to be paid to the government, so not to be included in gross receipts for calculating taxable income.
Facts of the case:
The assesse had fi...
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