https://www.taxtmi.com/caselaws?id=24278 Rent collected under an interim order and deposited with the District Magistrate did not constitute real income because the assessee had no enforceable right to retain, control, or appropriate the amount. The Court applied the settled principle that income tax is chargeable only on real income, not hypothetical accrual or mere book entry treatment, so the disputed receipt was not taxable in the relevant year. It also held that no referable question of law survived under the reference provision because the issue was already settled by binding Supreme Court authority, and the request for reference therefore failed. en-us Mon, 27 Feb 1989 00:00:00 +0530 Tue, 19 Jan 2010 10:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24278 Rent collected under an interim order and deposited with the District Magistrate did not constitute real income because the assessee had no enforceable right to retain, control, or appropriate the amount. The Court applied the settled principle that income tax is chargeable only on real income, not hypothetical accrual or mere book entry treatment, so the disputed receipt was not taxable in the relevant year. It also held that no referable question of law survived under the reference provision because the issue was already settled by binding Supreme Court authority, and the request for reference therefore failed. Case-Laws Income Tax Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24278