Supreme Court Clarifies Tax on Mobilization Fees for Mineral Oil Exploration: Sedco Forex International Inc. vs. Commissioner of Income Tax (2017)

/ A.K. Sikri, Ashok Bhushan, Income Tax Act, 1961, Income Tax Act, 1961 with Section 44BB, Income Tax Act, 1961 with Section 5, Income Tax Act, 1961 with Section 9, Judges

LEGAL ISSUE: Whether mobilization fees paid to non-resident companies for transporting drilling rigs to India are taxable under Section 44BB of the Income Tax Act, 1961. CASE TYPE: Income Tax Law Case Name: Sedco Forex International Inc. vs. Commissioner of Income Tax, Meerut & Anr. Judgment Date: 30 October 2017 Date of the Judgment: 30 […]

Supreme Court Clarifies Tax on Mobilization Fees for Mineral Oil Exploration: Sedco Forex International Inc. vs. Commissioner of Income Tax (2017) Read Post »