https://www.taxtmi.com/caselaws?id=200607 The Tribunal upheld the decision in favor of the assessee, ruling that service tax receipts should not be included in gross revenue for computing profits under section 44BB of the Income Tax Act, 1961. The decision was based on legal interpretations, judicial precedents, and CBDT circulars, ensuring consistency in the application of tax laws and principles. The appeal of the Revenue was dismissed, affirming that service tax collected by the assessee does not constitute income and should not be considered in determining presumptive income under section 44BB. en-us Fri, 08 Dec 2017 00:00:00 +0530 Fri, 06 Apr 2018 21:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200607 The Tribunal upheld the decision in favor of the assessee, ruling that service tax receipts should not be included in gross revenue for computing profits under section 44BB of the Income Tax Act, 1961. The decision was based on legal interpretations, judicial precedents, and CBDT circulars, ensuring consistency in the application of tax laws and principles. The appeal of the Revenue was dismissed, affirming that service tax collected by the assessee does not constitute income and should not be considered in determining presumptive income under section 44BB. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200607