https://www.taxtmi.com/caselaws?id=16892 The court held that the difference in price of levy sugar realized by the assessee under the High Court's interim orders did not accrue as income for the relevant assessment year. The amount was subject to conditions and the assessee did not have an absolute right to it, being obligated to refund it if the writ petition was dismissed. Therefore, the court ruled in favor of the assessee, determining that the amount in question was not taxable income for the assessment year 1975-76. en-us Thu, 24 Jul 1997 00:00:00 +0530 Sat, 12 Sep 2009 18:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16892 The court held that the difference in price of levy sugar realized by the assessee under the High Court's interim orders did not accrue as income for the relevant assessment year. The amount was subject to conditions and the assessee did not have an absolute right to it, being obligated to refund it if the writ petition was dismissed. Therefore, the court ruled in favor of the assessee, determining that the amount in question was not taxable income for the assessment year 1975-76. Case-Laws Income Tax Thu, 24 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16892