https://www.taxtmi.com/caselaws?id=29483 The Tribunal upheld the inclusion of Rs. 8,264 and Rs. 55,920 as income for the assessment year 1970-71, rejecting claims of a change in accounting method, the concept of "real income," and waiver of interest on grounds of commercial expediency. The decision favored the Revenue, emphasizing accrual basis assessment and the necessity of actual income accrual. en-us Tue, 23 Dec 1980 00:00:00 +0530 Sat, 13 Mar 2010 12:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29483 The Tribunal upheld the inclusion of Rs. 8,264 and Rs. 55,920 as income for the assessment year 1970-71, rejecting claims of a change in accounting method, the concept of "real income," and waiver of interest on grounds of commercial expediency. The decision favored the Revenue, emphasizing accrual basis assessment and the necessity of actual income accrual. Case-Laws Income Tax Tue, 23 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29483