Held that the service tax collected by in the course of provision of services and facilities in connection with or supply of plant and machinery on hire, in the prospecting for or extraction or production of mineral oils in India is not to be included in the amount paid or payable for the purpose of computation of the presumptive taxable income.
CIT (IT) v. B. J. Services Co. Me Ltd (2022) 145 taxmann.com 430/ (2023)457 ITR 80 (Uttarakhand)(HC) Editorial :SLP dismissed, CIT v. Transocean Offshore International Ventures Ltd (2023] 459 ITR 609/ 157 taxmann.com 203 (SC)
S. 44BB : Mineral oils-Computation-Presumptive tax-Non-resident-Service tax collected-Not includible in gross receipt. [S.44BB(2)]