https://www.taxtmi.com/caselaws?id=35842 Interest on securities under section 8 of the 1922 Act was treated as taxable on receipt basis, so interest actually received in the previous year was correctly brought to tax in assessment year 1961-62. The fact that the same income had also been assessed in earlier years did not justify deleting the proper assessment for the year of receipt, because the key question was the legally correct assessment year. However, the same amount could not remain taxed twice, so relief had to be given to remove the duplication and prevent double taxation. en-us Wed, 30 Apr 1980 00:00:00 +0530 Wed, 17 Mar 2010 11:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35842 Interest on securities under section 8 of the 1922 Act was treated as taxable on receipt basis, so interest actually received in the previous year was correctly brought to tax in assessment year 1961-62. The fact that the same income had also been assessed in earlier years did not justify deleting the proper assessment for the year of receipt, because the key question was the legally correct assessment year. However, the same amount could not remain taxed twice, so relief had to be given to remove the duplication and prevent double taxation. Case-Laws Income Tax Wed, 30 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35842