{"id":5200,"date":"2019-04-28T14:31:26","date_gmt":"2019-04-28T14:31:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dit-it-v-schlumberger-asia-services-ltd-2019104-taxmann-com-353-fbuttarkhandhc-www-itatonline-org\/"},"modified":"2019-09-19T11:43:50","modified_gmt":"2019-09-19T11:43:50","slug":"dit-it-v-schlumberger-asia-services-ltd-2019104-taxmann-com-353-fbuttarkhandhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dit-it-v-schlumberger-asia-services-ltd-2019104-taxmann-com-353-fbuttarkhandhc-www-itatonline-org\/","title":{"rendered":"DIT (IT) v. Schlumberger Asia Services Ltd ( 2019)414 ITR 1\/\/ 264 Taxman  108\/ 177 DTR 126\/308 CTR 314 (FB))(Uttarkhand)(HC), www.itatonline.org.Smith International Inc. v .Add.DIT (IT) ( 2019) 414 ITR 1\/ 264 Taxman 108\/ 177 DTR 126 \/ 308 CTR 314 (FB))(Uttarkhand)(HC), www.itatonline.org"},"content":{"rendered":"<p><strong>Dismissing the appeal of the revenue the Court held that the amount reimbursed to the assessee (service provider) by ONGC (service recipient), representing service tax paid earlier by the assessee to the Government of India, would not form part of the aggregate amount referred to in clauses (a) and (b) of sub-section(2) of Section 44BB of the Act.<span lang=\"EN-GB\">Accordingly provision for\u00a0 services and facilities provided in prospecting or for extraction or production of mineral oils is not to be included in gross receipts for purpose of presumptive tax .<\/span> (DIT v. Mitchell Drilling International Pvt Ltd ( 2016) \u00a0380 ITR 130 (Delhi) (HC) \u00a0CBDT Circular No. 4\/2008 dt 28.04.2008 ( 2008) 300 ITR 92 (St) \u00a0&amp; Circular No. 1\/2014 dt 13.01.2014 ( 2014) 360 ITR 53 (St) is \u00a0followed). Accordingly the appeals are to be<\/strong>\u00a0listed before the Division Bench, hearing appeals under Section 260-A of the Act, for its disposal in terms of this order.( ITA No. 40 of 2012. Dt. 12.04.2019) (AY. 2004 05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44BB : Mineral oils \u2013 Presumptive tax-Gross receipts on account of- Reimbursement of custom duty, service tax  paid earlier   would not form part of the aggregate  amount and not includible in gross receipts . [ S.2(24) , 5, 9 ,43B]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5200","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1lS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=5200"}],"version-history":[{"count":6,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5200\/revisions"}],"predecessor-version":[{"id":7277,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5200\/revisions\/7277"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}