https://www.taxtmi.com/caselaws?id=189281 The court dismissed the tax case appeal, ruling in favor of the assessee and against the revenue. The commission earned by the assessee was deemed taxable only in the assessment year 1997-98, as it was approved in a board meeting relevant to that year, and Tax Deducted at Source (TDS) was deducted accordingly. The court relied on precedent that income is taxable in the year it is approved by the board, as established in CIT v. Seshasayee Bros. (P) Ltd. The decision aligned with the Division Bench judgment, leading to the dismissal of the appeal. en-us Tue, 20 Dec 2005 00:00:00 +0530 Wed, 04 Jan 2017 15:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189281 The court dismissed the tax case appeal, ruling in favor of the assessee and against the revenue. The commission earned by the assessee was deemed taxable only in the assessment year 1997-98, as it was approved in a board meeting relevant to that year, and Tax Deducted at Source (TDS) was deducted accordingly. The court relied on precedent that income is taxable in the year it is approved by the board, as established in CIT v. Seshasayee Bros. (P) Ltd. The decision aligned with the Division Bench judgment, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 20 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189281