https://www.taxtmi.com/caselaws?id=17424 Amounts collected under an interim court order and required to be kept in reserve did not constitute income, because the assessee had no unfettered right to appropriate the difference between the contractual storage charges and the reduced rate. Relying on an earlier decision on materially similar facts, the Court held that the amount had not accrued or arisen during the relevant assessment year. The deletion of that amount from total income was therefore upheld, and the issue was answered in favour of the assessee. en-us Wed, 09 Jul 1997 00:00:00 +0530 Tue, 22 Sep 2009 13:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17424 Amounts collected under an interim court order and required to be kept in reserve did not constitute income, because the assessee had no unfettered right to appropriate the difference between the contractual storage charges and the reduced rate. Relying on an earlier decision on materially similar facts, the Court held that the amount had not accrued or arisen during the relevant assessment year. The deletion of that amount from total income was therefore upheld, and the issue was answered in favour of the assessee. Case-Laws Income Tax Wed, 09 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17424