https://www.taxtmi.com/caselaws?id=61936 The Tribunal upheld the addition of Rs. 4,54,762 to the assessment for the year 1978-79, dismissing the appeal. It found no evidence of double taxation, deemed the amount received under the arbitration award as taxable income, and concluded that the assessee followed the cash system of accounting due to the absence of proper records. en-us Mon, 19 Aug 1985 00:00:00 +0530 Mon, 17 Jan 2011 11:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61936 The Tribunal upheld the addition of Rs. 4,54,762 to the assessment for the year 1978-79, dismissing the appeal. It found no evidence of double taxation, deemed the amount received under the arbitration award as taxable income, and concluded that the assessee followed the cash system of accounting due to the absence of proper records. Case-Laws Income Tax Mon, 19 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61936