{"id":63486,"date":"2026-08-01T15:48:35","date_gmt":"2026-08-01T10:18:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/seadrill-international-ltd-v-asst-cit-2025-126-itr-678-179-taxmann-com-553-mum-trib\/"},"modified":"2026-08-01T15:48:35","modified_gmt":"2026-08-01T10:18:35","slug":"seadrill-international-ltd-v-asst-cit-2025-126-itr-678-179-taxmann-com-553-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/seadrill-international-ltd-v-asst-cit-2025-126-itr-678-179-taxmann-com-553-mum-trib\/","title":{"rendered":"Seadrill International Ltd. v. Asst. CIT (2025) 126 ITR 678 \/ 179 taxmann.com 553 (Mum.)(Trib.)"},"content":{"rendered":"<p>The assessee, a non-resident company engaged in offshore drilling services, offered its income to tax under section 44BB. The Assessing Officer included the GST component collected separately in the invoices while computing deemed income under section 44BB. The Tribunal held that GST is a statutory levy collected on behalf of the Government and does not contain any profit element. Inclusion of GST in gross receipts would amount to taxing a tax. Following its earlier decision in <em>Orient Overseas Container Line Ltd.<\/em>, the Tribunal held that section 145A has no application while computing presumptive income under section 44BB and directed deletion of the addition. (AY. 2021-22).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44BB: Mineral oils-Computation-Non-resident-Presumptive taxation-Goods and Services Tax (GST) collected separately-Not includible in gross receipts.[S. 145A]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63486","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gvY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63486","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=63486"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63486\/revisions"}],"predecessor-version":[{"id":63487,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63486\/revisions\/63487"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}