https://www.taxtmi.com/caselaws?id=71551 The Tribunal upheld the decision of the CIT (A) and dismissed the appeal of the assessee, ruling that the income from the sale of plots had accrued during the relevant period and was taxable. The Tribunal found that a valid agreement existed, plots were sold as per the agreement, and the sale proceeds were received by the assessee, emphasizing that once income accrues, it becomes taxable. Despite the assessee's argument of pending litigation and trust holding of sale proceeds, the Tribunal determined that the income had indeed accrued and was subject to taxation. en-us Fri, 28 May 1999 00:00:00 +0530 Mon, 25 Apr 2011 15:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71551 The Tribunal upheld the decision of the CIT (A) and dismissed the appeal of the assessee, ruling that the income from the sale of plots had accrued during the relevant period and was taxable. The Tribunal found that a valid agreement existed, plots were sold as per the agreement, and the sale proceeds were received by the assessee, emphasizing that once income accrues, it becomes taxable. Despite the assessee's argument of pending litigation and trust holding of sale proceeds, the Tribunal determined that the income had indeed accrued and was subject to taxation. Case-Laws Income Tax Fri, 28 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71551