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eligibility to compute income u/s 44bb of the it act

A non-resident foreign company (Assessee) is providing erection services to a petroluem refinery unit in India. Whether this Assessee is eligible for computation of income u/s 44BB of the IT Act. 

The doubt is because section 44BB provides for computation in repsect of  services provided in connection with (i) prospecting (ii) exploration and (iii) production of Petroleum or Natural Gas.  Apparently, this section does not cover activities beyond production of Petroleum or Natural Gas.  Whereas, the services are provided in relation to petroleum refinery and not w.r.t. the abovementioned three activities relating to Petroleum or Natural Gas.





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