2024 (1) TMI 318 - SCH - Income Tax

Scope of of Sections 44BB(1) and 44BB(2) - inclusion of service tax collected by the assessees - HC held that 2022 (11) TMI 385 - UTTARAKHAND HIGH COURT the amount reimbursed to the assessee (service provider) by the ONGC (service recipient), representing the service tax paid earlier by the assessee to the Government of India, would not form part of the aggregate amount referred to in Clauses (a) and (b) of sub-section (2) of Section 44 BB HELD THAT - Following the order of this Court in M/s Vantage International Management Company 2023 (11) TMI 90 - SC ORDER this Special Leave Petition is also dismissed, as we are not inclined to interfere in the matter. Pending application(s), if any, shall stand disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition, citing a previous order in Commissioner of Income Tax vs. M/s Vantage International Management Company. The delay was condoned, and pending applications were disposed of.