https://www.taxtmi.com/article/detailed?id=12249 Accrual of income requires both a legal right to receive payment and ascertainment of the amount; contested claims for mesne profits do not accrue for tax purposes until a judicial forum determines entitlement and quantifies the sum, because income only accrues when it has ripened into a debt with both qualitative and quantitative elements converging. en-us Thu, 25 Jan 2024 08:35:25 +0530 Thu, 25 Jan 2024 08:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12249 Accrual of income requires both a legal right to receive payment and ascertainment of the amount; contested claims for mesne profits do not accrue for tax purposes until a judicial forum determines entitlement and quantifies the sum, because income only accrues when it has ripened into a debt with both qualitative and quantitative elements converging. Articles Income Tax Thu, 25 Jan 2024 08:35:25 +0530 https://www.taxtmi.com/article/detailed?id=12249