https://www.taxtmi.com/caselaws?id=449485 ITAT Delhi ruled that service tax/GST, being statutory levies, should not be included in gross receipts for computing presumptive income under Section 44BB. The Tribunal upheld CIT(A)'s deletion of additions made by AO, relying on precedents from Delhi HC in Mitchell Drilling International and Uttarakhand HC in Schlumberger Asia Services. The issue was settled in favor of assessee, with service tax receipts excluded from Section 44BB computation. Decision went against revenue. en-us Fri, 09 Feb 2024 00:00:00 +0530 Tue, 26 Nov 2024 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449485 ITAT Delhi ruled that service tax/GST, being statutory levies, should not be included in gross receipts for computing presumptive income under Section 44BB. The Tribunal upheld CIT(A)'s deletion of additions made by AO, relying on precedents from Delhi HC in Mitchell Drilling International and Uttarakhand HC in Schlumberger Asia Services. The issue was settled in favor of assessee, with service tax receipts excluded from Section 44BB computation. Decision went against revenue. Case-Laws Income Tax Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449485