https://www.taxtmi.com/caselaws?id=7256 The court ruled against the assessee, determining that the Rs. 15,000 accrued income recovered after a Supreme Court judgment was taxable in the assessee's hands. The court rejected arguments of double taxation and that the amounts should be treated as damages, affirming that the income rightfully belonged to the assessee and was liable for taxation. The court held that the receiver's possession of the income was lawful and not considered as damages, ultimately deciding in favor of taxing the recovered amounts as the assessee's income. en-us Mon, 31 Jul 1967 00:00:00 +0530 Mon, 16 Feb 2009 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7256 The court ruled against the assessee, determining that the Rs. 15,000 accrued income recovered after a Supreme Court judgment was taxable in the assessee's hands. The court rejected arguments of double taxation and that the amounts should be treated as damages, affirming that the income rightfully belonged to the assessee and was liable for taxation. The court held that the receiver's possession of the income was lawful and not considered as damages, ultimately deciding in favor of taxing the recovered amounts as the assessee's income. Case-Laws Income Tax Mon, 31 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7256