2016 (7) TMI 1473

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..... s.44B - Held that:- The issue under consideration is squarely covered by the decision of Hon’ble Delhi High Court in the case of Mitchell Drilling International (P) Ltd. [2015 (10) TMI 259 - DELHI HIGH COURT] wherein the Court held that for the purpose of presumptive income of assessee under section 44BB, service tax collected by assessee was not be included in the gross receipts in terms of Secti .....

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..... cluded services tax so collected by the assessee in its gross receipts and accordingly computed the income. 4. The contention of ld. AR was that service tax is not includible in the gross receipts while computing profit u/s.44B of the I.T.Act. The issue under consideration is squarely covered by the decision of Hon ble Delhi High Court in the case of Mitchell Drilling International (P) Ltd. [20 .....

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