High Court by impugned order held that reimbursement of service tax ought not to be included in aggregate of amounts specified in clauses (a) and (b) of section 44BB(2), as it is not an amount received by assessee on account of services provided by them in prospecting, extraction or production of mineral oils. SLP filed against impugned order of High Court was to be dismissed.
CIT (IT) v. Schlumberger Asia Services Ltd. (2024) 297 Taxman 1 (SC.) Editorial: SLP dismissed, CIT(IT) v. B.J. Services Co.Me Ltd (2022) 145 taxmann.com 430/ (2023) 457 ITR 80 (Uttarakhand)(HC)
S. 44BB : Mineral oils-Computation-Presumptive tax-Non-resident-Service tax collected-Not includible in gross receipt-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 44BB(2)]