https://www.taxtmi.com/caselaws?id=755673 A receipt voluntarily offered as income from other sources remained taxable where the assessee had received the amount, had not refunded it, and continued to contest only the balance in civil proceedings. The plea of non-accrual and real income was rejected because the return itself disclosed the receipt, and the doctrine of real income could not displace the statutory charging scheme. The related claim for coordination and settlement expenses also failed because no vouchers or supporting evidence were produced. Authorities concerning capital gains and unmaterialised transactions were held inapplicable on these facts. en-us Wed, 10 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 08:06:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755673 A receipt voluntarily offered as income from other sources remained taxable where the assessee had received the amount, had not refunded it, and continued to contest only the balance in civil proceedings. The plea of non-accrual and real income was rejected because the return itself disclosed the receipt, and the doctrine of real income could not displace the statutory charging scheme. The related claim for coordination and settlement expenses also failed because no vouchers or supporting evidence were produced. Authorities concerning capital gains and unmaterialised transactions were held inapplicable on these facts. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755673