Sanco Holding AS v. DCIT (IT) (2025) 237 TTJ 936 / 178 taxmann.com 673 (Dehradun) (Trib)

S. 44BB: Mineral oils-Computation-Providing its vessels for transportation to entities engaged in the exploitation/exploration of seabed or subsoil-Section 44BB was not applicable-AO is directed to compute the income of the assessee in terms of art. 21(4) of the India-Norway DTAA-DTAA-India-Norway [S.90, Art, 21]

 

Tribunal held that Para 4 of art. 21 of the Indo-Norway DTAA is applicable to the consideration received by the assessee for providing a vessel for transportation to entities engaged in the exploitation/exploration of seabed or subsoil and, therefore, its income is to be computed in terms of art. 21(4) of the DTAA; S. 44BB was not applicable(AY.2022-23)

Leave a Reply

Your email address will not be published. Required fields are marked *

*