https://www.taxtmi.com/caselaws?id=10794 The High Court held in favor of the assessee, ruling that the amount of Rs. 1,00,298 had not accrued and could not be taxed as income for the assessment year 1975-76. The court emphasized that the firm had no legal right to the excess amount realized from the sale of fertilizers due to pending court orders, distinguishing the case from precedents cited by the Revenue. The decision was based on the specific circumstances of the case, ultimately concluding that the disputed amount did not form part of the firm's taxable income for that year. en-us Fri, 13 Aug 2004 00:00:00 +0530 Sat, 25 Jul 2009 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10794 The High Court held in favor of the assessee, ruling that the amount of Rs. 1,00,298 had not accrued and could not be taxed as income for the assessment year 1975-76. The court emphasized that the firm had no legal right to the excess amount realized from the sale of fertilizers due to pending court orders, distinguishing the case from precedents cited by the Revenue. The decision was based on the specific circumstances of the case, ultimately concluding that the disputed amount did not form part of the firm's taxable income for that year. Case-Laws Income Tax Fri, 13 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10794