https://www.taxtmi.com/caselaws?id=427243 The Tribunal partially allowed the appeal, directing the Assessing Officer to tax only the actual income received as TDS and refund the excess amount to the assessee. It emphasized taxing real income, especially when recovery seemed improbable, and highlighted the importance of assessing actual receipts rather than hypothetical income accruals. The decision focused on fairness and practicality in determining taxable income, considering ongoing litigation and the debtor's failure to repay the principal loan. en-us Thu, 01 Sep 2022 00:00:00 +0530 Mon, 05 Sep 2022 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427243 The Tribunal partially allowed the appeal, directing the Assessing Officer to tax only the actual income received as TDS and refund the excess amount to the assessee. It emphasized taxing real income, especially when recovery seemed improbable, and highlighted the importance of assessing actual receipts rather than hypothetical income accruals. The decision focused on fairness and practicality in determining taxable income, considering ongoing litigation and the debtor's failure to repay the principal loan. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427243