https://www.taxtmi.com/caselaws?id=415987 The Tribunal held that service tax receipts should not be included in the gross revenue for computing profits under section 44BB of the Income Tax Act. Citing the decision of the Hon'ble Delhi High Court, it was determined that service tax, being a statutory levy, does not constitute income and should not be part of the gross receipts. The appeal of the revenue was dismissed based on this ruling. en-us Thu, 25 Nov 2021 00:00:00 +0530 Sat, 18 Dec 2021 08:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415987 The Tribunal held that service tax receipts should not be included in the gross revenue for computing profits under section 44BB of the Income Tax Act. Citing the decision of the Hon'ble Delhi High Court, it was determined that service tax, being a statutory levy, does not constitute income and should not be part of the gross receipts. The appeal of the revenue was dismissed based on this ruling. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415987