GST amount do not form part of receipts for computation of income u/s. 44BB: ITAT Mumbai

Servicos De Petroleo Constellation SA India Project Office Vs DCIT (International Taxation) (ITAT Mumbai) ITAT Mumbai held that GST/service tax which is collected by the assessee from its customers and paid to the Government do not form part of the receipts for computation of income as per section 44BB of the Income Tax Act. Facts- The present appeal is filed by the assessee challenging the final assessment order of the Assistant Commissioner of Income Tax The only moot question to be adjudicated in this appeal is whether the GST amount paid by the assessee is to be included while computing th...