Service tax not to be included in gross receipts for computing presumptive tax u/s 44BBA

ACIT Vs Cathay Pacific Airways Limited (ITAT Kolkata) ITAT Kolkata held that service tax collected by the assessee on the amount paid to it for rendering the services is not to be included in the gross receipts for the purpose of computing the presumptive income of the assessee u/s. 44BBA of the Income Tax Act. Facts- An assessee is a non-resident company engaged in the business of airlines service for passengers and cargo. In the course of assessment proceedings, Ld. AO sought explanation in respect of gross receipts as disclosed in the revised computation and the gross receipts disclosed in ...