GST Not Income Under Section 44B; Statutory Levy Excluded from Presumptive Taxation

Orient Overseas Container Line Limited Vs DCIT (International Taxation) (ITAT Mumbai) The appeal was filed against the final assessment order dated 12.08.2025 passed under sections 143(3) read with 144C(13) of the Income Tax Act pursuant to directions of the Dispute Resolution Panel (DRP) for Assessment Year 2023–24. The assessee, a Hong Kong-based company engaged in the business of operating ships in international traffic, declared its income under the presumptive taxation scheme of section 44B. Its revenue consisted of freight income and ancillary charges such as terminal handling and demu...