https://www.taxtmi.com/caselaws?id=5401 SC held that the assessee's contention that royalty income should be assessed on a cash basis was untenable, as its concept of "receipt" was legally unsustainable. The method of accounting adopted for the relevant years was found to be irrelevant to the taxability of the royalty in question. Consequently, the remand order of the Tribunal-directing verification of whether accounts were maintained on cash basis and fresh assessments accordingly-was held unnecessary. SC declined to examine any alleged conflict between sections 5(2) and 145 or the HC's view on their application to non-residents. The Tribunal was directed to complete the assessments in light of SC's reasoning, and the appeals were dismissed. en-us Thu, 25 Feb 1993 00:00:00 +0530 Thu, 11 Dec 2025 22:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5401 SC held that the assessee's contention that royalty income should be assessed on a cash basis was untenable, as its concept of "receipt" was legally unsustainable. The method of accounting adopted for the relevant years was found to be irrelevant to the taxability of the royalty in question. Consequently, the remand order of the Tribunal-directing verification of whether accounts were maintained on cash basis and fresh assessments accordingly-was held unnecessary. SC declined to examine any alleged conflict between sections 5(2) and 145 or the HC's view on their application to non-residents. The Tribunal was directed to complete the assessments in light of SC's reasoning, and the appeals were dismissed. Case-Laws Income Tax Thu, 25 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5401