https://www.taxtmi.com/caselaws?id=28220 Mesne profits are treated as taxable income because they compensate for loss of income or usufruct from property wrongfully possessed, rather than constituting capital compensation. They are therefore taxable unless expressly exempted. For accrual, fiscal principles apply: where the amount remains unascertained and requires judicial determination, no concrete income accrues until the sum is quantified. On that basis, mesne profits accrued only when the trial court fixed the amount in rupees and paise, and the earlier assessment year was upheld. en-us Mon, 17 Jan 1983 00:00:00 +0530 Fri, 19 Feb 2010 17:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28220 Mesne profits are treated as taxable income because they compensate for loss of income or usufruct from property wrongfully possessed, rather than constituting capital compensation. They are therefore taxable unless expressly exempted. For accrual, fiscal principles apply: where the amount remains unascertained and requires judicial determination, no concrete income accrues until the sum is quantified. On that basis, mesne profits accrued only when the trial court fixed the amount in rupees and paise, and the earlier assessment year was upheld. Case-Laws Income Tax Mon, 17 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28220