Search Results Page

Search Results

1 - 10 of 23 (0.34 seconds)

Oil & Natural Gas Corp. Ltd vs Commnr. Of Income Tax & Anr on 1 July, 2015

1. 1. Supreme Court's decision in the case of Oil & Natural Gas Corporation Limited v. Commissioner of Income Tax & Another The Hon'ble Supreme Court in the case of ONGC (supra) has addressed a similar issue. The Hon'ble Supreme Court exhaustively 17 | P a g e ITA No.197/DDN/2025 considered the opinion of the Attorney General of India, the subsequent CBDT Instruction No. 1862, the provisions of Mines and Minerals (Regulation and Development) Act, 1957 and observed that if the "pith and substance" of the contract is inextricably connected with the prospecting, extraction, or production of mineral oil, though they may be ancillary works contemplated thereunder, the same cannot be categorized as "fees for technical services" and have to be included in the revenue chargeable to tax u/s 44BB of the Act:
Supreme Court of India Cites 28 - Cited by 85 - R Gogoi - Full Document
1   2 3 Next