Service Tax Reimbursement cannot be included for presumptive taxable income (Section 44BB)

CIT Vs B.J. Services Co. Me Limited (Uttarakhand High Court) Introduction: The judgment of the Uttarakhand High Court in the case of CIT Vs B.J. Services Co. Me Ltd. addresses the interpretation of Sections 44 BB(1) and 44 BB(2) of the Income Tax Act. The dispute revolves around the inclusion of service tax in the presumptive taxable income of the assessee. Detailed Analysis: The Income Tax Appellate Tribunal, Dehradun Bench, New Delhi, adjudicated on the matter raised by the Revenue regarding the applicability of Sections 44 BB(1) and 44 BB(2) of the Income Tax Act. The central issue was whet...