Mobilization fees paid to NR to move oil rigs from foreign to India taxable u/s 44BB; SC dismissed review petition

IT/ILT: Where assessee, foreign company, had entered into contracts with (ONGC) for giving on hire their rigs for carrying out oil exploration activities in India, mobilisation fee received by assessee was to be included for computation of deemed profits and gains of business, chargeable to tax under section 44BB; Review petition against said decision dismissed

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