Supreme Court · 2017 INSC 702 · Decided 3 August 2017
Hyundai Corporation & ANR. v. Oil and Natural Gas Corporauon LTD.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 702 · [2017] 9 S.C.R. 490
- Case number
- CIVIL APPEAL No. 3161/2006
- Decided
- 3 August 2017
- Bench
- R.F. NARIMAN, SANJAY KISHAN KAUL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 4488
Headnote
Arbitration A<.:t, 1940 - Contract between appellant (contractor) and respondent-Company, for off-shore oil exploration and drilling ".'"Appellant enlered into a sub-contract with a Panama C based firm - Section 44BB introduced in the Income Tax Act which made a non-resident assess~e of providing services for extraction or production of mineral oil, liable to pay income tax - Said .ftub-contractor taxed thereunder 7 Disputes between the parties - Matter went to arl itration - Both the arbitrators though, agre.ed that tax was payable uls.44B and D therefore, Cl. I 7.3 of the
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