https://www.taxtmi.com/caselaws?id=359152 The Appellate Tribunal ITAT Delhi ruled in favor of the taxpayers in consolidated appeals regarding the inclusion of service tax receipts in gross revenue for profit computation under section 44BB of the Income-tax Act, 1961. The Tribunal held that service tax collected by the assessee should not be considered part of gross receipts for determining taxable income under section 44BB, aligning with legal precedents and CBDT circulars. Consequently, the appeals were dismissed, affirming that service tax receipts should not be included in gross revenue for profit computation under section 44BB. en-us Mon, 19 Feb 2018 00:00:00 +0530 Wed, 25 Apr 2018 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359152 The Appellate Tribunal ITAT Delhi ruled in favor of the taxpayers in consolidated appeals regarding the inclusion of service tax receipts in gross revenue for profit computation under section 44BB of the Income-tax Act, 1961. The Tribunal held that service tax collected by the assessee should not be considered part of gross receipts for determining taxable income under section 44BB, aligning with legal precedents and CBDT circulars. Consequently, the appeals were dismissed, affirming that service tax receipts should not be included in gross revenue for profit computation under section 44BB. Case-Laws Income Tax Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359152