https://www.taxtmi.com/caselaws?id=38638 Remuneration credited in a company's books does not become taxable salary under section 15(a) unless the managing director had an enforceable right to receive it and the amount had actually accrued as a debt due. Where the board, because of continuous losses, validly resolved not to pay the remuneration and to write back the provision, the accounting entry alone could not create a taxable right in the assessee's favour. The alleged salary was therefore not "due" from the employer and did not constitute income in the assessee's hands. en-us Thu, 11 Aug 1977 00:00:00 +0530 Wed, 07 Apr 2010 17:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38638 Remuneration credited in a company's books does not become taxable salary under section 15(a) unless the managing director had an enforceable right to receive it and the amount had actually accrued as a debt due. Where the board, because of continuous losses, validly resolved not to pay the remuneration and to write back the provision, the accounting entry alone could not create a taxable right in the assessee's favour. The alleged salary was therefore not "due" from the employer and did not constitute income in the assessee's hands. Case-Laws Income Tax Thu, 11 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38638