https://www.taxtmi.com/caselaws?id=261449 The High Court upheld the Income Tax Appellate Tribunal's decision to delete an addition of Rs. 93.34 lac in the income tax assessment for Assessment Year 1998-99. It ruled that the amount received under an interim order did not constitute accrued income subject to taxation as there was no absolute right to receive it until the dispute with Bombay Municipal Corporation was resolved. The Court dismissed the appeal, stating that the amount received under the interim order was not income but a pending amount until the final resolution of the dispute. en-us Mon, 29 Jun 2015 00:00:00 +0530 Mon, 13 Jul 2015 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261449 The High Court upheld the Income Tax Appellate Tribunal's decision to delete an addition of Rs. 93.34 lac in the income tax assessment for Assessment Year 1998-99. It ruled that the amount received under an interim order did not constitute accrued income subject to taxation as there was no absolute right to receive it until the dispute with Bombay Municipal Corporation was resolved. The Court dismissed the appeal, stating that the amount received under the interim order was not income but a pending amount until the final resolution of the dispute. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261449