https://www.taxtmi.com/caselaws?id=3085 Amounts received under interim court protection do not accrue as taxable income where the recipient has no unconditional, enforceable right to retain them and may be required to restore them by restitution if the underlying dispute is decided against it. Because the sum was held only as a contingent receipt and was shown as a current liability, it lacked the character of income in the relevant previous year. The addition was therefore unsustainable, and deletion of the assessment adjustment was correct. en-us Tue, 19 Feb 2008 00:00:00 +0530 Fri, 01 May 2026 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3085 Amounts received under interim court protection do not accrue as taxable income where the recipient has no unconditional, enforceable right to retain them and may be required to restore them by restitution if the underlying dispute is decided against it. Because the sum was held only as a contingent receipt and was shown as a current liability, it lacked the character of income in the relevant previous year. The addition was therefore unsustainable, and deletion of the assessment adjustment was correct. Case-Laws Income Tax Tue, 19 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3085