https://www.taxtmi.com/caselaws?id=14302 Compensation for requisitioned property accrues as income only when the assessee has an enforceable and admitted right to receive it; where the right itself remains in genuine dispute, no accrual arises until that dispute is resolved. The court distinguished a challenge limited to the quantum of compensation from one attacking liability to pay compensation at all, because accrual under the Income-tax Act depends on the existence of a debt due in favour of the assessee. As the record did not clearly show the scope of the State's appeal, the matter was remitted for fresh determination on whether the appeal concerned only quantification or the underlying right to compensation. en-us Mon, 27 Nov 2000 00:00:00 +0530 Wed, 15 Jul 2009 11:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14302 Compensation for requisitioned property accrues as income only when the assessee has an enforceable and admitted right to receive it; where the right itself remains in genuine dispute, no accrual arises until that dispute is resolved. The court distinguished a challenge limited to the quantum of compensation from one attacking liability to pay compensation at all, because accrual under the Income-tax Act depends on the existence of a debt due in favour of the assessee. As the record did not clearly show the scope of the State's appeal, the matter was remitted for fresh determination on whether the appeal concerned only quantification or the underlying right to compensation. Case-Laws Income Tax Mon, 27 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14302