https://www.taxtmi.com/caselaws?id=71183 The Tribunal ruled in favor of the assessee, holding that the disputed income did not accrue during the relevant assessment year. The addition to the assessee's income was deemed unjustified and was directed to be deleted, partially allowing the appeal. The Tribunal emphasized that income accrues only when the right to receive it becomes vested, supporting the assessee's position based on contractual conditions and consistent accounting practices. en-us Tue, 25 Jun 2002 00:00:00 +0530 Thu, 21 Apr 2011 17:30:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71183 The Tribunal ruled in favor of the assessee, holding that the disputed income did not accrue during the relevant assessment year. The addition to the assessee's income was deemed unjustified and was directed to be deleted, partially allowing the appeal. The Tribunal emphasized that income accrues only when the right to receive it becomes vested, supporting the assessee's position based on contractual conditions and consistent accounting practices. Case-Laws Income Tax Tue, 25 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71183