https://www.taxtmi.com/caselaws?id=256106 The Tribunal upheld the CIT(A)'s decision that service tax should not be included in gross receipts for computing taxable income under section 44BB of the Income Tax Act, 1961. The Tribunal emphasized consistency and the absence of contrary higher court decisions, stating that service tax collected on behalf of the government does not constitute receipts for services or facilities provided. The revenue's appeal was dismissed, affirming the exclusion of service tax from total receipts for determining presumptive income. en-us Fri, 09 Jan 2015 00:00:00 +0530 Wed, 04 Feb 2015 06:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256106 The Tribunal upheld the CIT(A)'s decision that service tax should not be included in gross receipts for computing taxable income under section 44BB of the Income Tax Act, 1961. The Tribunal emphasized consistency and the absence of contrary higher court decisions, stating that service tax collected on behalf of the government does not constitute receipts for services or facilities provided. The revenue's appeal was dismissed, affirming the exclusion of service tax from total receipts for determining presumptive income. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256106