https://www.taxtmi.com/caselaws?id=463153 ITAT Mumbai held that service tax collected by the assessee is not includible in gross receipts for computing presumptive income under section 44B, following its earlier coordinate bench rulings and HC precedents. The AO was directed to exclude service tax from gross receipts for presumptive income calculation. Regarding the short grant of credit for prepaid taxes, the matter was remanded to the AO to reconsider the claim based on evidence submitted by the assessee, with directions to allow the credit if supported by the records. en-us Wed, 15 Jan 2020 00:00:00 +0530 Fri, 08 Aug 2025 20:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463153 ITAT Mumbai held that service tax collected by the assessee is not includible in gross receipts for computing presumptive income under section 44B, following its earlier coordinate bench rulings and HC precedents. The AO was directed to exclude service tax from gross receipts for presumptive income calculation. Regarding the short grant of credit for prepaid taxes, the matter was remanded to the AO to reconsider the claim based on evidence submitted by the assessee, with directions to allow the credit if supported by the records. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463153