https://www.taxtmi.com/caselaws?id=15980 The High Court ruled in favor of the assessee, a sugar factory, regarding the excess amounts collected for levy sugar following an interim court order. The court held that these amounts were not assessable income for the specific assessment years as the right to receive payment was in dispute until the final court decision. Emphasizing that the excess collections were contingent on the outcome of the court dispute, the court concluded that the assessee was not liable to pay tax on these amounts. The decision was supported by precedents establishing that disputed rights to receive payment do not constitute assessable income. en-us Tue, 15 Jun 1999 00:00:00 +0530 Mon, 31 Aug 2009 13:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15980 The High Court ruled in favor of the assessee, a sugar factory, regarding the excess amounts collected for levy sugar following an interim court order. The court held that these amounts were not assessable income for the specific assessment years as the right to receive payment was in dispute until the final court decision. Emphasizing that the excess collections were contingent on the outcome of the court dispute, the court concluded that the assessee was not liable to pay tax on these amounts. The decision was supported by precedents establishing that disputed rights to receive payment do not constitute assessable income. Case-Laws Income Tax Tue, 15 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15980