https://www.taxtmi.com/caselaws?id=472419 Service tax collected from a service recipient for remittance to the Government is excluded from gross receipts when calculating presumptive income under Section 44BB of the Income-tax Act. Section 44BB applies its prescribed profit percentage to amounts paid or payable for qualifying mineral-oil services or facilities. Statutory service tax is not consideration for those services and has no income element, so it falls outside the provision's aggregate receipts. en-us Mon, 29 Nov 2021 00:00:00 +0530 Mon, 12 Oct 2026 15:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472419 Service tax collected from a service recipient for remittance to the Government is excluded from gross receipts when calculating presumptive income under Section 44BB of the Income-tax Act. Section 44BB applies its prescribed profit percentage to amounts paid or payable for qualifying mineral-oil services or facilities. Statutory service tax is not consideration for those services and has no income element, so it falls outside the provision's aggregate receipts. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472419