https://www.taxtmi.com/caselaws?id=37295 The Tribunal ruled in favor of the firm, determining that only Rs. 18,340 should be considered as income for the assessment year 1967-68, with the balance attributed to earlier years. The decision clarified that income accrues when entitlements become due under the cash incentives scheme for exporters, emphasizing the timing of accrual based on proof of export submission rather than actual disbursement. This case underscores the significance of understanding when income is deemed to accrue, particularly in the context of government schemes and business incentives. en-us Tue, 24 Jul 1979 00:00:00 +0530 Sat, 27 Mar 2010 18:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37295 The Tribunal ruled in favor of the firm, determining that only Rs. 18,340 should be considered as income for the assessment year 1967-68, with the balance attributed to earlier years. The decision clarified that income accrues when entitlements become due under the cash incentives scheme for exporters, emphasizing the timing of accrual based on proof of export submission rather than actual disbursement. This case underscores the significance of understanding when income is deemed to accrue, particularly in the context of government schemes and business incentives. Case-Laws Income Tax Tue, 24 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37295