Sedco Forex International Inc. vs Commissioner Of Income Tax & Anr.

Authority: Supreme Court Date: 2017-10-30 Section: 44BB, 28, 41, 43 Acts: Income Tax Act 1961 Result: Revenue Citation: (2017) 100 CCH 0061 ISCC : (2017) 159 DTR 0033 (SC) : (2017) 399 ITR 0001 (SC) : (2017) 251 TAXMAN 0 Justices: A. K. SIKRI & ASHOK BHUSHAN, JJ. Appeal No: CIVIL APPEAL NO. 4906 OF 2010, 2166 OF 2012, 17388 OF 2017, 4908 OF 2010, 2
Whether mobilization charges received by non-resident assessees for moving drilling rigs from foreign locations to India for oil exploration activities are includible in the aggregate amounts under Section 44BB(2) for computation of deemed profits and gains --- Held Yes.

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