https://www.taxtmi.com/caselaws?id=302747 Amounts that are pure reimbursements and do not constitute consideration for services rendered are excluded from gross receipts under section 44BB. Reimbursement for equipment lost in hole was held not to form part of the presumptive base because it was not payment for services or use of facilities. Service tax receipts were also excluded because service tax is a statutory levy collected on behalf of the Government and carries no income element. The Tribunal followed the settled position in the assessee's own case and maintained that neither item was includible in presumptive income computation. en-us Thu, 01 Jul 2021 00:00:00 +0530 Wed, 15 Jun 2022 20:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302747 Amounts that are pure reimbursements and do not constitute consideration for services rendered are excluded from gross receipts under section 44BB. Reimbursement for equipment lost in hole was held not to form part of the presumptive base because it was not payment for services or use of facilities. Service tax receipts were also excluded because service tax is a statutory levy collected on behalf of the Government and carries no income element. The Tribunal followed the settled position in the assessee's own case and maintained that neither item was includible in presumptive income computation. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302747