https://www.taxtmi.com/caselaws?id=367505 The tribunal upheld the CIT(A)'s decision, ruling that service tax collected by the assessee should not be considered part of the gross receipts for computing income under Section 44BB of the Income-tax Act, 1961. The tribunal emphasized that service tax collected is not income but collected on behalf of the government, following the precedent set by the Delhi High Court. The decision was based on legal interpretations and CBDT Circulars, ultimately dismissing the Revenue's appeal on 18.09.2018. en-us Tue, 18 Sep 2018 00:00:00 +0530 Fri, 21 Sep 2018 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367505 The tribunal upheld the CIT(A)'s decision, ruling that service tax collected by the assessee should not be considered part of the gross receipts for computing income under Section 44BB of the Income-tax Act, 1961. The tribunal emphasized that service tax collected is not income but collected on behalf of the government, following the precedent set by the Delhi High Court. The decision was based on legal interpretations and CBDT Circulars, ultimately dismissing the Revenue's appeal on 18.09.2018. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367505