https://www.taxtmi.com/caselaws?id=274731 Service tax collected by a shipping company on behalf of the Government is not part of gross receipts for presumptive taxation under section 44B of the Income-tax Act, because it is a statutory liability and does not carry any profit element. The Tribunal followed its earlier view in the assessee's own case, noting no change in law or facts and relying on supporting Delhi HC authority. On that basis, service tax remitted to the Government was excluded from gross receipts for computing presumptive 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 Service tax collected by a shipping company on behalf of the Government is not part of gross receipts for presumptive taxation under section 44B of the Income-tax Act, because it is a statutory liability and does not carry any profit element. The Tribunal followed its earlier view in the assessee's own case, noting no change in law or facts and relying on supporting Delhi HC authority. On that basis, service tax remitted to the Government was excluded from gross receipts for computing presumptive income under section 44B. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274731