https://www.taxtmi.com/caselaws?id=65766 The withheld balance of dividend did not accrue in the year under appeal because the dividend resolution authorised only limited immediate payment and made the balance payable only after approval from the competent authority. As the assessee had no enforceable right to receive the deferred portion during that year, the income could not be taxed as accrued then. The balance dividend accrued only in the following assessment year, and the relief granted to the assessee was upheld. en-us Wed, 10 Jun 1981 00:00:00 +0530 Fri, 18 Feb 2011 16:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65766 The withheld balance of dividend did not accrue in the year under appeal because the dividend resolution authorised only limited immediate payment and made the balance payable only after approval from the competent authority. As the assessee had no enforceable right to receive the deferred portion during that year, the income could not be taxed as accrued then. The balance dividend accrued only in the following assessment year, and the relief granted to the assessee was upheld. Case-Laws Income Tax Wed, 10 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65766