https://www.taxtmi.com/caselaws?id=392966 Receipts from a disputed development arrangement are not taxable as income from other sources unless the assessee has an enforceable right to receive them and effective control over them in the relevant year. Advances and 12% sale proceeds retained as liabilities in the books, and kept pending under ongoing court directions, could not be taxed on the basis of accrual or cessation of liability. Likewise, lease rent could not accrue where no registered lease was executed, the contractual period had expired, and the arrangement had been terminated, leaving no subsisting obligation to pay or corresponding right to receive. The additions were therefore deleted. en-us Wed, 19 Feb 2020 00:00:00 +0530 Tue, 03 Mar 2020 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392966 Receipts from a disputed development arrangement are not taxable as income from other sources unless the assessee has an enforceable right to receive them and effective control over them in the relevant year. Advances and 12% sale proceeds retained as liabilities in the books, and kept pending under ongoing court directions, could not be taxed on the basis of accrual or cessation of liability. Likewise, lease rent could not accrue where no registered lease was executed, the contractual period had expired, and the arrangement had been terminated, leaving no subsisting obligation to pay or corresponding right to receive. The additions were therefore deleted. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392966