https://www.taxtmi.com/caselaws?id=19533 Outcome: The High Court ruled in favor of the assessee, holding that the sum of Rs. 45,000 was not includible in the computation of the assessee's income for the assessment year 1974-75. The Court determined that no benefit had accrued or become due to the assessee during the relevant previous year, emphasizing the retrospective effect of the modified agreement between the assessee and the company regarding the commission. Therefore, the disputed amount was not considered part of the assessee's income for taxation purposes. en-us Thu, 08 Dec 1994 00:00:00 +0530 Fri, 06 Nov 2009 17:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19533 Outcome: The High Court ruled in favor of the assessee, holding that the sum of Rs. 45,000 was not includible in the computation of the assessee's income for the assessment year 1974-75. The Court determined that no benefit had accrued or become due to the assessee during the relevant previous year, emphasizing the retrospective effect of the modified agreement between the assessee and the company regarding the commission. Therefore, the disputed amount was not considered part of the assessee's income for taxation purposes. Case-Laws Income Tax Thu, 08 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19533