https://www.taxtmi.com/caselaws?id=37817 The Tribunal's decision to treat the sum of Rs. 1,47,090 as income of the assessee was not justified as it was deemed hypothetical and uncertain. The Tribunal found evidence that Sonepur Coalfields Ltd. was in possession of the coal mines, supporting the revenue's position. The Tribunal was not justified in holding the assessee liable for assessment based on minimum royalty and interest as the claim was deemed tentative and unenforceable. Only a portion of the sum credited was considered assessable income for the year 1961, not the entire amount. The Tribunal's decision to tax only the relevant portion was upheld, favoring the assessee on some issues and the revenue on others. en-us Mon, 06 Feb 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37817 The Tribunal's decision to treat the sum of Rs. 1,47,090 as income of the assessee was not justified as it was deemed hypothetical and uncertain. The Tribunal found evidence that Sonepur Coalfields Ltd. was in possession of the coal mines, supporting the revenue's position. The Tribunal was not justified in holding the assessee liable for assessment based on minimum royalty and interest as the claim was deemed tentative and unenforceable. Only a portion of the sum credited was considered assessable income for the year 1961, not the entire amount. The Tribunal's decision to tax only the relevant portion was upheld, favoring the assessee on some issues and the revenue on others. Case-Laws Income Tax Mon, 06 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37817