https://www.taxtmi.com/caselaws?id=180981 The Tribunal allowed the appeal, setting aside the assessment order under sections 144C(13) and 143(3) for the assessment year 2007-08. It held that service tax should not be included in revenue for profit computation under section 44B of the Income Tax Act, 1961, based on the nature of service tax as a statutory liability without a profit element, as established in previous rulings and the case of Islamic Republic of Iran Shipping Lines. The Assessing Officer was directed not to include service tax in total receipts for income calculation under section 44BB. en-us Wed, 31 Oct 2012 00:00:00 +0530 Tue, 05 Apr 2016 14:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180981 The Tribunal allowed the appeal, setting aside the assessment order under sections 144C(13) and 143(3) for the assessment year 2007-08. It held that service tax should not be included in revenue for profit computation under section 44B of the Income Tax Act, 1961, based on the nature of service tax as a statutory liability without a profit element, as established in previous rulings and the case of Islamic Republic of Iran Shipping Lines. The Assessing Officer was directed not to include service tax in total receipts for income calculation under section 44BB. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180981