https://www.taxtmi.com/caselaws?id=37797 For a resident assessee, foreign pension that had accrued abroad in foreign currency was taxable under section 5(1)(c) of the Income-tax Act, 1961. The relevant tax liability arose once the statutory ingredients of resident taxation were met, and the fact that the pension was paid in India did not displace taxation on an accrual basis. The contention that the income escaped tax because it was received outside India was rejected, and the pension was treated as taxable in India in the assessee's hands. en-us Mon, 30 Jan 1978 00:00:00 +0530 Thu, 01 Apr 2010 11:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37797 For a resident assessee, foreign pension that had accrued abroad in foreign currency was taxable under section 5(1)(c) of the Income-tax Act, 1961. The relevant tax liability arose once the statutory ingredients of resident taxation were met, and the fact that the pension was paid in India did not displace taxation on an accrual basis. The contention that the income escaped tax because it was received outside India was rejected, and the pension was treated as taxable in India in the assessee's hands. Case-Laws Income Tax Mon, 30 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37797