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Sum received for providing services related to prospecting & extraction oil & gas eligible for sec. 44BB relief: ITAT

July 27, 2021[2021] 128 238 (Dehradun - Trib.)/[2021] 189 ITD 616 (Dehradun - Trib.)

INTERNATIONAL TAXATION : Payment received for providing various services in connection with prospecting, extraction or production of oil and gas would not be chargeable to tax as "fees for technical services" under section 44D read with Explanation 2 to section 9(1)(vii) but would be more appropriately assessable on a presumptive basis under section 44BB

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