https://www.taxtmi.com/caselaws?id=13428 The High Court ruled in favor of the assessee, confirming the taxability of Rs. 95 lakhs for the assessment year 1996-97. However, it set aside the taxability of the balance amount of Rs. 30 lakhs, which accrued for the subsequent assessment year. The judgment emphasized the significance of due dates in determining income accrual and interpreted the payment schedule in the agreement to support its decision. en-us Mon, 09 Oct 2006 00:00:00 +0530 Thu, 28 May 2009 18:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13428 The High Court ruled in favor of the assessee, confirming the taxability of Rs. 95 lakhs for the assessment year 1996-97. However, it set aside the taxability of the balance amount of Rs. 30 lakhs, which accrued for the subsequent assessment year. The judgment emphasized the significance of due dates in determining income accrual and interpreted the payment schedule in the agreement to support its decision. Case-Laws Income Tax Mon, 09 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13428