https://www.taxtmi.com/caselaws?id=274730 The Tribunal ruled in favor of the assessee, holding that service tax, being a statutory levy without a profit element, should not be included in gross receipts for computing income under section 44BB. The order for the assessment year 2009-10 was confirmed in favor of the assessee, while the order for 2010-11 was set aside in favor of the assessee. Additionally, the Tribunal directed the Assessing Officer to examine the issue of credit for advance tax paid. The assessee's appeal was partly allowed, and the Department's appeal was dismissed. en-us Wed, 17 Feb 2016 00:00:00 +0530 Fri, 31 Aug 2018 06:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274730 The Tribunal ruled in favor of the assessee, holding that service tax, being a statutory levy without a profit element, should not be included in gross receipts for computing income under section 44BB. The order for the assessment year 2009-10 was confirmed in favor of the assessee, while the order for 2010-11 was set aside in favor of the assessee. Additionally, the Tribunal directed the Assessing Officer to examine the issue of credit for advance tax paid. The assessee's appeal was partly allowed, and the Department's appeal was dismissed. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274730