https://www.taxtmi.com/caselaws?id=448253 ITAT Kolkata ruled in favor of the assessee regarding computation of presumptive income under section 44BBA. The tribunal held that service tax collected by a non-resident airline operator should not be included in gross receipts for computing deemed taxable income. Following the precedent in Mitchell Drilling International case, the tribunal determined that service tax is merely collected by the assessee for remittance to the government and does not constitute income received for services rendered. en-us Tue, 09 Jan 2024 00:00:00 +0530 Mon, 17 Mar 2025 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448253 ITAT Kolkata ruled in favor of the assessee regarding computation of presumptive income under section 44BBA. The tribunal held that service tax collected by a non-resident airline operator should not be included in gross receipts for computing deemed taxable income. Following the precedent in Mitchell Drilling International case, the tribunal determined that service tax is merely collected by the assessee for remittance to the government and does not constitute income received for services rendered. Case-Laws Income Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448253