https://www.taxtmi.com/caselaws?id=121626 The tribunal upheld the inclusion of service tax in gross revenue for computing income under section 44BB of the Income-tax Act, 1961. The assessee, a Netherlands-based company, argued that service tax should be excluded as it is collected on behalf of the government. However, the tribunal concluded that service tax forms part of the receipts for services related to mineral oil exploration/extraction and should be included in the total receipts. Consequently, the tribunal set aside the CIT (Appeals) decision and restored the AO's order, allowing the revenue's appeal. en-us Fri, 16 Jan 2009 00:00:00 +0530 Wed, 01 Nov 2023 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121626 The tribunal upheld the inclusion of service tax in gross revenue for computing income under section 44BB of the Income-tax Act, 1961. The assessee, a Netherlands-based company, argued that service tax should be excluded as it is collected on behalf of the government. However, the tribunal concluded that service tax forms part of the receipts for services related to mineral oil exploration/extraction and should be included in the total receipts. Consequently, the tribunal set aside the CIT (Appeals) decision and restored the AO's order, allowing the revenue's appeal. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121626