https://www.taxtmi.com/caselaws?id=24213 The court ruled in favor of the assessee, holding that the Tribunal correctly deleted the sum of Rs. 12,697 from the partnership firm's income for the assessment year 1972-73. The judgment clarified that section 41(1) of the Income-tax Act was not applicable as no deduction was claimed or allowed in the years when the royalty amounts were collected. The court emphasized that the royalty should be considered income from the years of actual payment, not from the date of the court judgment. en-us Wed, 18 Jan 1989 00:00:00 +0530 Mon, 18 Jan 2010 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24213 The court ruled in favor of the assessee, holding that the Tribunal correctly deleted the sum of Rs. 12,697 from the partnership firm's income for the assessment year 1972-73. The judgment clarified that section 41(1) of the Income-tax Act was not applicable as no deduction was claimed or allowed in the years when the royalty amounts were collected. The court emphasized that the royalty should be considered income from the years of actual payment, not from the date of the court judgment. Case-Laws Income Tax Wed, 18 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24213