https://www.taxtmi.com/caselaws?id=783678 GST collected on services was held not to constitute "gross receipts" for presumptive taxation under s. 44BB of the Income-tax Act, as it is a statutory levy collected on behalf of the Government and not consideration for the services; accordingly, the AO was directed to exclude the GST component while computing presumptive income, and the appeal was allowed on this issue. On credit for advance tax, where the assessee claimed higher payment than the credit granted, the AO was directed to verify the additional deposit and, if found correct, grant corresponding credit; the ground was allowed for statistical purposes. en-us Fri, 12 Dec 2025 00:00:00 +0530 Sat, 20 Dec 2025 07:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783678 GST collected on services was held not to constitute "gross receipts" for presumptive taxation under s. 44BB of the Income-tax Act, as it is a statutory levy collected on behalf of the Government and not consideration for the services; accordingly, the AO was directed to exclude the GST component while computing presumptive income, and the appeal was allowed on this issue. On credit for advance tax, where the assessee claimed higher payment than the credit granted, the AO was directed to verify the additional deposit and, if found correct, grant corresponding credit; the ground was allowed for statistical purposes. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783678