https://www.taxtmi.com/caselaws?id=71767 An interim excess amount received under a consent arrangement pending final determination of the levy sugar price was treated as provisional and refundable, not as a determinate sale price. Because the assessee had no vested, unconditional right to retain the excess during the year, the receipt did not accrue as income or constitute a trading receipt in that year. Taxability would arise only when the price dispute was finally settled and the amount became definitively receivable as price. On that basis, the excess levy-sugar receipt was excluded from total income for the relevant year. en-us Sat, 22 Sep 1984 00:00:00 +0530 Tue, 26 Apr 2011 18:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71767 An interim excess amount received under a consent arrangement pending final determination of the levy sugar price was treated as provisional and refundable, not as a determinate sale price. Because the assessee had no vested, unconditional right to retain the excess during the year, the receipt did not accrue as income or constitute a trading receipt in that year. Taxability would arise only when the price dispute was finally settled and the amount became definitively receivable as price. On that basis, the excess levy-sugar receipt was excluded from total income for the relevant year. Case-Laws Income Tax Sat, 22 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71767