https://www.taxtmi.com/caselaws?id=207950 The Tribunal partly allowed the appeal, remitting the case back to the Assessing Officer for a fresh examination of documents concerning the operation of ships. It directed the AO not to include service tax in gross receipts for determining taxable income under Section 44B of the Income-tax Act. The Tribunal emphasized that service tax, being a statutory levy, should not be considered as part of total receipts for calculating presumptive income. en-us Wed, 20 Apr 2011 00:00:00 +0530 Fri, 30 Dec 2011 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207950 The Tribunal partly allowed the appeal, remitting the case back to the Assessing Officer for a fresh examination of documents concerning the operation of ships. It directed the AO not to include service tax in gross receipts for determining taxable income under Section 44B of the Income-tax Act. The Tribunal emphasized that service tax, being a statutory levy, should not be considered as part of total receipts for calculating presumptive income. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207950