Reimbursement of service tax is to be excluded from gross receipts for computing sec. 44BB presumpti

IT/ILT: Where assessee was getting reimbursement of service tax from its client i.e. ONGC, on production or submission of original treasury challan, there being no element of income in said payment, amount of reimbursement was not includible in gross receipts for purpose of determining income under section 44BB