Revenue Received for Seismic Data Acquisition, Mining Projects are not FTS, Taxable u/s 44B of Income Tax Act: ITAT [Read Order]

By Kalyani B. Nair - On June 30, 2023 9:58 am - 2 mins read
Revenue Received for Seismic Data Acquisition - Mining Projects are not FTS - Seismic Data Acquisition - Income Tax Act - ITAT - taxscan

The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), observed that the revenue received on account of provision of facilities and services of seismic data acquisition and mining services are not Fees for Technical Services (FTS) taxable under Section 44B of the Income Tax Act, 1961. On account of difference of opinion between…

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