https://www.taxtmi.com/caselaws?id=457352 The Bombay HC dismissed the Revenue's appeal, affirming that service tax should not be included in the Assessee's income for computing presumptive profit under Section 44BB of the Income Tax Act, 1962. The court upheld the ITAT's decision, aligning with previous rulings, that service tax is collected on behalf of the government and does not constitute income. en-us Mon, 25 Mar 2019 00:00:00 +0530 Tue, 17 Sep 2024 20:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457352 The Bombay HC dismissed the Revenue's appeal, affirming that service tax should not be included in the Assessee's income for computing presumptive profit under Section 44BB of the Income Tax Act, 1962. The court upheld the ITAT's decision, aligning with previous rulings, that service tax is collected on behalf of the government and does not constitute income. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457352