https://www.taxtmi.com/caselaws?id=427409 The Tribunal held that service tax collected by the assessee should not be included in the gross receipts for computing deemed taxable income under section 44BBA of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to exclude the service tax component from the gross receipts. The final judgment confirmed that service tax collected by the assessee does not form part of the gross receipts for income computation under section 44BBA. en-us Tue, 06 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427409 The Tribunal held that service tax collected by the assessee should not be included in the gross receipts for computing deemed taxable income under section 44BBA of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to exclude the service tax component from the gross receipts. The final judgment confirmed that service tax collected by the assessee does not form part of the gross receipts for income computation under section 44BBA. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427409