S. 44BB : Mineral oils-Computation-Non-resident-Royalty-supply/lease/hire of rigs to be used for drilling and exploration of mineral oils-Amount received is covered under provisions of section 44BB and taxable on gross/presumptive basis at rate of 10 per cent-DTAA-India-Malaysia.[S.9(1)(vi), 115A, 260A, art. 12]
CIT (IT) v. UMW Sher (L) Ltd. (2024)299 Taxman 67(Delhi)(HC) Editorial : UMW Sher (L) Ltd v. CIT (IT) (2023) 199 ITD 692 (Delhi)(Trib)