In the result ITA number 5584/Del/2013 filed by the assessee for assessment year
Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi
233 Taxman 495 (SC)/[2015] 376 ITR 306 (SC) has held ‘pith & substance’ of the contract is required to be seen which in this case shows that it is a composite contract for providing mud material, chemical, completion fluid, mud engineers and equipments and personnel for ‘removal of drilled solids’. Therefore, pith and substance of the contract is removal