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Income from providing personnel for drilling operations for mineral oil is taxable under sec. 44BB and not sec. 44DA
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Corporate Tax
Income from providing personnel for drilling operations for mineral oil is taxable under sec. 44BB and not sec. 44DA
Posted on
on
November 4, 2016
tenet-tax-daily-august-27-2016
By
tenettax-team
Corporate Tax
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Statement of senior partner couldn’t be retracted on pretext that he had no knowledge of business
Cash deposited by partner in saving account couldn’t be held as unexplained when it was cash sales of firm