https://www.taxtmi.com/caselaws?id=378733 The court ruled in favor of the assessee, holding that the reimbursement of service tax paid by the assessee to the Government, and reimbursed by ONGC, should not be included in the aggregate amount for computing profits under Section 44BB of the Income Tax Act. The court emphasized that service tax is not part of the gross receipts and should not be considered in the computation of profits under Section 44BB. The decision was in line with the Delhi High Court's judgment and circulars issued by the CBDT. en-us Fri, 12 Apr 2019 00:00:00 +0530 Wed, 05 Jun 2019 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378733 The court ruled in favor of the assessee, holding that the reimbursement of service tax paid by the assessee to the Government, and reimbursed by ONGC, should not be included in the aggregate amount for computing profits under Section 44BB of the Income Tax Act. The court emphasized that service tax is not part of the gross receipts and should not be considered in the computation of profits under Section 44BB. The decision was in line with the Delhi High Court's judgment and circulars issued by the CBDT. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378733