https://www.taxtmi.com/caselaws?id=5588 The SC held that enhanced electricity supply charges claimed by the assessee-company did not constitute real accrual of income for tax purposes. The Tribunal correctly determined that claims at increased rates represented only hypothetical income, as the probability of actual realization was improbable when assessed realistically. The amounts brought to tax by the assessing officer did not represent income that had genuinely accrued to the company, emphasizing that income accrual must be evaluated based on realistic prospects of collection rather than mere book entries. en-us Thu, 03 Apr 1997 00:00:00 +0530 Mon, 05 May 2025 14:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5588 The SC held that enhanced electricity supply charges claimed by the assessee-company did not constitute real accrual of income for tax purposes. The Tribunal correctly determined that claims at increased rates represented only hypothetical income, as the probability of actual realization was improbable when assessed realistically. The amounts brought to tax by the assessing officer did not represent income that had genuinely accrued to the company, emphasizing that income accrual must be evaluated based on realistic prospects of collection rather than mere book entries. Case-Laws Income Tax Thu, 03 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5588