https://www.taxtmi.com/caselaws?id=394121 The Tribunal allowed the assessee's appeal regarding the taxability of the escrow amount, emphasizing that income should only be taxed when it accrues or is received. The Tribunal remanded the defalcation loss claim to the Assessing Officer for further examination and decision in accordance with the law. The additional grounds of appeal were admitted but dismissed as not pressed, leading to the dismissal of the revenue's cross objections as well. en-us Fri, 06 Mar 2020 00:00:00 +0530 Wed, 01 Apr 2020 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394121 The Tribunal allowed the assessee's appeal regarding the taxability of the escrow amount, emphasizing that income should only be taxed when it accrues or is received. The Tribunal remanded the defalcation loss claim to the Assessing Officer for further examination and decision in accordance with the law. The additional grounds of appeal were admitted but dismissed as not pressed, leading to the dismissal of the revenue's cross objections as well. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394121