https://www.taxtmi.com/caselaws?id=348526 The Tribunal upheld that service tax receipts should not be included in the gross revenue for computing profits under section 44BB of the Income Tax Act, 1961. The decision was based on the legal interpretation provided by the Hon'ble Delhi High Court and CBDT circulars, emphasizing that service tax collected does not constitute income for the assessee. The Revenue's appeal was dismissed, affirming that service tax receipts are not to be considered part of the gross revenue for profit computation under section 44BB. en-us Wed, 20 Sep 2017 00:00:00 +0530 Thu, 21 Sep 2017 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348526 The Tribunal upheld that service tax receipts should not be included in the gross revenue for computing profits under section 44BB of the Income Tax Act, 1961. The decision was based on the legal interpretation provided by the Hon'ble Delhi High Court and CBDT circulars, emphasizing that service tax collected does not constitute income for the assessee. The Revenue's appeal was dismissed, affirming that service tax receipts are not to be considered part of the gross revenue for profit computation under section 44BB. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348526