Part of: Section 44BBA — Special provision for computing profits and gains of the business of operation of
(1) Notwithstanding anything to the contrary contained in sections 28 to 43A, in the case of an assessee, being a non -resident, engaged in the business of operation of aircraft, a sum equal to five per cent. of the aggregate of the amounts specified in sub-section ( 2) shall be deemed to be the profits and gains of such business chargeable to tax under the head “Profits and gains of business or profession”.