Held that service tax collected by assessee on behalf of Central Government in a fiduciary capacity would not fall within turnover to be considered for deemed income under presumptive tax under section 44BBA and was to be excluded from gross receipts while computing total income on presumptive basis. (AY. 2015-16)
ACIT(IT) v. Cathay Pacific Airways Ltd. (2022) 197 ITD 102 (Kol.)(Trib.)
S. 44BBA : Air craft-Non-residents-Gross receipts-Service tax-Fiduciary capacity-Service tax was to be excluded from gross receipts while computing total income of assessee on presumptive basis.