Service revenue need not to be include service tax-Sec 145A(a)(ii) not applicable to service revenue

CA Saurabh Chokhra Brief of the case: The Hon’ble Bombay HC in the above cited case held that Sec 145A(a)(ii) has no applicability on service revenue which follows that service revenue need to be inclusive of service tax. It also held that service tax which has not even been claimed as deduction cannot be disallowed by recasting the profit and loss account of the assessee. Facts of the case:145a145 The assessee is engaged in the business of real estate consultancy and property management services. During the course of assessment proceedings AO sought to include the service tax billed b...