https://www.taxtmi.com/caselaws?id=19746 The court held that the assessee had a contingent interest in the trust, and no income had accrued until the contingent event of marriage occurred. The Income-tax Appellate Tribunal's decision to delete the addition of Rs. 12,000 made by the Income-tax Officer was upheld by the High Court, emphasizing the lack of evidence to challenge the contingent nature of the interest. The court ruled in favor of the assessee, stating that income contingent on an event does not accrue until the event happens, and affirmed that no income had accrued to the assessee due to her contingent interest in the trust. en-us Fri, 08 Apr 1994 00:00:00 +0530 Mon, 09 Nov 2009 13:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19746 The court held that the assessee had a contingent interest in the trust, and no income had accrued until the contingent event of marriage occurred. The Income-tax Appellate Tribunal's decision to delete the addition of Rs. 12,000 made by the Income-tax Officer was upheld by the High Court, emphasizing the lack of evidence to challenge the contingent nature of the interest. The court ruled in favor of the assessee, stating that income contingent on an event does not accrue until the event happens, and affirmed that no income had accrued to the assessee due to her contingent interest in the trust. Case-Laws Income Tax Fri, 08 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19746