Service Tax will not form part of aggregate amount for section 44BB

BAKR Hughes Singapore PTE Vs Addl. Director of Income Tax International Taxation (Uttarakhand High Court) The issue under consideration is whether amount of service tax being statutory levy, received by assessee from its customers was to be included in calculating the aggregate amount referred to in sub-section (2) of Section 44BB of the Act? HC states that, the substantial question of law has since been answered by the order dated 12.04.2019 passed in Income Tax Appeal No.40 of 2012; the substantial question of law therein was answered in favour of the assessee, and against the revenue, by ho...