Offshore company's revenue excluding service tax/GST taxable under presumptive taxation rules.

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....Non-resident company's receipts taxable u/s 44BB(2) excluding service tax/GST. Relying on Mitchell Drilling International Pty Limited case, service tax being statutory levy should not form part of gross receipts for computation u/s 44BB. Addition of service tax receipts to taxable income deleted. Appellate Tribunal upheld exclusion of service tax from gross receipts for presumptive taxation u/s 44BB.....