https://www.taxtmi.com/caselaws?id=63604 Where compensation for an undertaking had already accrued and been substantially paid in earlier years, later enhancement through further proceedings did not shift the taxable event to assessment year 1969-70. The Tribunal rejected the revisional view that the income became chargeable only on compromise before the High Court, and held that the profit could not be treated as first accruing in the relevant year. The revisional order under section 263 was set aside, and the addition under section 41(2) was held not taxable in assessment year 1969-70. en-us Sat, 24 Jul 1976 00:00:00 +0530 Tue, 01 Feb 2011 10:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63604 Where compensation for an undertaking had already accrued and been substantially paid in earlier years, later enhancement through further proceedings did not shift the taxable event to assessment year 1969-70. The Tribunal rejected the revisional view that the income became chargeable only on compromise before the High Court, and held that the profit could not be treated as first accruing in the relevant year. The revisional order under section 263 was set aside, and the addition under section 41(2) was held not taxable in assessment year 1969-70. Case-Laws Income Tax Sat, 24 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63604