https://www.taxtmi.com/caselaws?id=189225 The Patna High Court held that the disputed sum of royalty income was assessable as income for taxation. The Court determined that the assessee had control over the amount and operated upon it, indicating receipt as income. It rejected the argument that the sum was received by the banker and not the assessee, emphasizing that payment to the creditor's account constitutes receipt by the creditor. The judgment affirmed the Commissioner's decision, directing the assessee to pay costs and clarifying that tax assessment is separate from civil disputes. The Court underscored the obligation to include received sums as income for tax purposes, regardless of ongoing disputes. en-us Sat, 21 Mar 1942 00:00:00 +0630 Mon, 02 Jan 2017 12:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189225 The Patna High Court held that the disputed sum of royalty income was assessable as income for taxation. The Court determined that the assessee had control over the amount and operated upon it, indicating receipt as income. It rejected the argument that the sum was received by the banker and not the assessee, emphasizing that payment to the creditor's account constitutes receipt by the creditor. The judgment affirmed the Commissioner's decision, directing the assessee to pay costs and clarifying that tax assessment is separate from civil disputes. The Court underscored the obligation to include received sums as income for tax purposes, regardless of ongoing disputes. Case-Laws Income Tax Sat, 21 Mar 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=189225