Service Tax component not includible in Gross Receipts for Computing Deemed taxable Income u/s 44BBA: ITAT [Read Order]

Service Tax - Gross Receipts - taxable Income - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that Service tax component not includible in Gross receipts for computing deemed taxable income under Section 44BBA of the Income Tax Act, 1961. The assessee, M/s. Cathay Pacific airways Limited is a non-resident company engaged in the business of airlines service for passengers and cargo. Assessee…

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