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2017 (12) TMI 1548 - ITAT NEW DELHIDeemed profit of the assessee under section 44BB - Service tax element be included in the gross receipts for the purpose of computing the profit - assessee has not offered to tax the reimbursement of service tax receipts which is part of gross receipt from ONGC - Held that:- It is pertinent to note that statutory charges cannot form part of the amount considered for the purpose of deemed profit under Section 44BB of the Income Tax Act, 1961. Thus, in light of decisions in assessee’s own cases for earlier Assessment Years [2015 (6) TMI 493 - ITAT DELHI], the issue is squarely covered in favour of the Assessee.
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