https://www.taxtmi.com/caselaws?id=18410 The High Court ruled in favor of the Department, holding that the Tribunal erred in law by deleting the addition of Rs. 26,045 from the assessee's income for the assessment year 1976-77. The High Court determined that the amount received by the assessee under its interim orders had accrued and should be included in the total income, following the mercantile system of accountancy. The High Court distinguished a prior case and emphasized that the amount was received by the assessee under court orders and was pledged for recovery if the writ petition failed. en-us Thu, 18 Apr 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18410 The High Court ruled in favor of the Department, holding that the Tribunal erred in law by deleting the addition of Rs. 26,045 from the assessee's income for the assessment year 1976-77. The High Court determined that the amount received by the assessee under its interim orders had accrued and should be included in the total income, following the mercantile system of accountancy. The High Court distinguished a prior case and emphasized that the amount was received by the assessee under court orders and was pledged for recovery if the writ petition failed. Case-Laws Income Tax Thu, 18 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18410