https://www.taxtmi.com/caselaws?id=69077 The Tribunal found that the lower authorities misdirected themselves by equating the claim made by the assessee with the right to receive the incentives. The Tribunal held that it was incorrect to equate the claim with the right to receive the amounts. As a result, the Tribunal deleted the additions made on a receivable basis for the assessment years 1988-89 and 1989-90, directing the Assessing Officer to bring the incentives to charge only on a receipt basis. The cross-objection and the appeal filed by the assessee were partly allowed, with the grounds related to the receipt versus receivable basis being upheld in favor of the assessee. en-us Wed, 22 Feb 1995 00:00:00 +0530 Tue, 05 Apr 2011 10:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69077 The Tribunal found that the lower authorities misdirected themselves by equating the claim made by the assessee with the right to receive the incentives. The Tribunal held that it was incorrect to equate the claim with the right to receive the amounts. As a result, the Tribunal deleted the additions made on a receivable basis for the assessment years 1988-89 and 1989-90, directing the Assessing Officer to bring the incentives to charge only on a receipt basis. The cross-objection and the appeal filed by the assessee were partly allowed, with the grounds related to the receipt versus receivable basis being upheld in favor of the assessee. Case-Laws Income Tax Wed, 22 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69077