https://www.taxtmi.com/caselaws?id=312269 Statutory levies collected on behalf of the Government do not form part of gross receipts for presumptive taxation under section 44BB, so service tax and VAT were excluded from the computation. Interest on income-tax refund was taxable at the more beneficial treaty rate under Article 11 of the Indo-US DTAA because it was not treated as business income and was not shown to be effectively connected with a permanent establishment. The assessee therefore succeeded on both substantive issues, and the Revenue's challenge was rejected. en-us Tue, 08 Feb 2022 00:00:00 +0530 Wed, 18 Dec 2024 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312269 Statutory levies collected on behalf of the Government do not form part of gross receipts for presumptive taxation under section 44BB, so service tax and VAT were excluded from the computation. Interest on income-tax refund was taxable at the more beneficial treaty rate under Article 11 of the Indo-US DTAA because it was not treated as business income and was not shown to be effectively connected with a permanent establishment. The assessee therefore succeeded on both substantive issues, and the Revenue's challenge was rejected. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312269