https://www.taxtmi.com/caselaws?id=77067 The Court held that enhanced compensation is deemed income of the year it is received, as per an amendment to Section 45(5) of the Income-tax Act, 1961. The Tribunal's decision was overturned, and the matter was remitted back for further proceedings in line with legal precedents and statutory provisions. The judgment emphasizes the significance of consistency and adherence to established legal principles in tax matters to ensure fair outcomes. en-us Mon, 26 Apr 2010 00:00:00 +0530 Sat, 14 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77067 The Court held that enhanced compensation is deemed income of the year it is received, as per an amendment to Section 45(5) of the Income-tax Act, 1961. The Tribunal's decision was overturned, and the matter was remitted back for further proceedings in line with legal precedents and statutory provisions. The judgment emphasizes the significance of consistency and adherence to established legal principles in tax matters to ensure fair outcomes. Case-Laws Income Tax Mon, 26 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77067