https://www.taxtmi.com/caselaws?id=181785 Cash-basis income must be assessed only in the year of actual receipt, so earlier debtor payments could not be shifted into the 1931-32 assessment merely because they had previously escaped assessment or were later traced. The evidence also established a private partition of the larger Hindu undivided family in 1921, with the award and decree treated as confirming that earlier disruption. Because the disputed sum was received after the family had ceased to exist as a joint family, it did not qualify for exemption under Section 14 of the Indian Income Tax Act and was taxable as the assessee's income or profit. en-us Tue, 10 Sep 1935 00:00:00 +0530 Mon, 25 Apr 2016 11:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181785 Cash-basis income must be assessed only in the year of actual receipt, so earlier debtor payments could not be shifted into the 1931-32 assessment merely because they had previously escaped assessment or were later traced. The evidence also established a private partition of the larger Hindu undivided family in 1921, with the award and decree treated as confirming that earlier disruption. Because the disputed sum was received after the family had ceased to exist as a joint family, it did not qualify for exemption under Section 14 of the Indian Income Tax Act and was taxable as the assessee's income or profit. Case-Laws Income Tax Tue, 10 Sep 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181785