https://www.taxtmi.com/caselaws?id=274731 The Tribunal ruled in favor of the assessee, holding that service tax collected, which lacks a profit element, should not be included in gross receipts for income computation under section 44B of the Income Tax Act. The decision was based on established legal principles from previous judgments, including the exclusion of service tax from revenue calculations for determining presumptive profit. The appeal was allowed, affirming that service tax amounts should not be considered in the computation of income under section 44B. en-us Fri, 13 May 2016 00:00:00 +0530 Fri, 31 Aug 2018 06:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274731 The Tribunal ruled in favor of the assessee, holding that service tax collected, which lacks a profit element, should not be included in gross receipts for income computation under section 44B of the Income Tax Act. The decision was based on established legal principles from previous judgments, including the exclusion of service tax from revenue calculations for determining presumptive profit. The appeal was allowed, affirming that service tax amounts should not be considered in the computation of income under section 44B. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274731