https://www.taxtmi.com/caselaws?id=14878 The High Court of Allahabad ruled in favor of the assessee, stating that the amount representing the difference between enhanced and old prices of fertilisers could not be treated as income for the assessment year 1976-77. The Court held that the deposited amount should be considered a mere deposit with the District Magistrate until a final judgment was provided by the Supreme Court. The decision emphasized the principle of realizing income when actually received, aligning with relevant tax laws and previous judgments, and highlighted the importance of legal directives and finality in determining taxable income. en-us Fri, 01 Oct 1999 00:00:00 +0530 Thu, 23 Jul 2009 17:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14878 The High Court of Allahabad ruled in favor of the assessee, stating that the amount representing the difference between enhanced and old prices of fertilisers could not be treated as income for the assessment year 1976-77. The Court held that the deposited amount should be considered a mere deposit with the District Magistrate until a final judgment was provided by the Supreme Court. The decision emphasized the principle of realizing income when actually received, aligning with relevant tax laws and previous judgments, and highlighted the importance of legal directives and finality in determining taxable income. Case-Laws Income Tax Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14878