above projects has been computed
@ 10% of the gross receipts u/s 44BBB of the Income-tax Act, 1961. The AO
asked the assessee ... arguments advanced by the assessee and held that on
reading of section 44BBB , 10 % of the amount paid or payable whether in or
outside India
resorting to estimation of income on
presumptive basis of 10 % U/s.44BBB(1) or alternately @10.98 %
under nor mal provisions ... Appel lant and income offer ed by the Appellant
u/s 44BBB(2) of the Act. The AO has also not brought on record
subjected to tax for determination of income u/s 44BBB of the
3
ITA No. 4377/Del/2016
M/s. Mitsui
Shri Aeshwarya Jain, Kota vs Deputy Commissioner Of Income Tax, ... on 7 January, 2020
vk
gains of the assessee under section
44AE or section 44BB or section 44BBB, as the case may be, and
the assessee has claimed his income
