https://www.taxtmi.com/caselaws?id=22858 Where an assessee is permitted to collect an enhanced sale price only on condition that the excess be placed in a separate account, failure to comply with that condition allows the retained amount to be treated as a taxable trading receipt in the year of receipt, even if entitlement to the amount is disputed. The proper course is to include the sum in income for that year and leave any later adjustment to deduction if the claim is finally negatived. On that basis, the retained amount was held taxable in the relevant assessment year, in favour of the Revenue. en-us Mon, 22 Oct 1990 00:00:00 +0530 Mon, 14 Dec 2009 16:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22858 Where an assessee is permitted to collect an enhanced sale price only on condition that the excess be placed in a separate account, failure to comply with that condition allows the retained amount to be treated as a taxable trading receipt in the year of receipt, even if entitlement to the amount is disputed. The proper course is to include the sum in income for that year and leave any later adjustment to deduction if the claim is finally negatived. On that basis, the retained amount was held taxable in the relevant assessment year, in favour of the Revenue. Case-Laws Income Tax Mon, 22 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22858