https://www.taxtmi.com/caselaws?id=785365 The text addresses whether GST receipts form part of gross receipts for computing deemed shipping income under the presumptive taxation scheme; the Tribunal concluded that GST is not includible for computation under section 44B, resulting in relief to the taxpayer. It also considers whether book-profit based minimum tax applies where income is offered under the deeming rule and treaty; in view of the explanatory provision excluding such cases from minimum tax computation, the minimum tax provisions are inapplicable. Finally, the revenue authority is directed to grant TDS and advance tax credits and to compute any interest on refunds after factual verification. en-us Mon, 19 Jan 2026 00:00:00 +0530 Thu, 22 Jan 2026 08:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785365 The text addresses whether GST receipts form part of gross receipts for computing deemed shipping income under the presumptive taxation scheme; the Tribunal concluded that GST is not includible for computation under section 44B, resulting in relief to the taxpayer. It also considers whether book-profit based minimum tax applies where income is offered under the deeming rule and treaty; in view of the explanatory provision excluding such cases from minimum tax computation, the minimum tax provisions are inapplicable. Finally, the revenue authority is directed to grant TDS and advance tax credits and to compute any interest on refunds after factual verification. Case-Laws Income Tax Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785365