https://www.taxtmi.com/caselaws?id=761047 The Punjab and Haryana HC ruled that cash incentives accrue to the assessee on the date when the application for claim is submitted to the Competent Authority, not when the incentive is actually received. The court confirmed its earlier precedent and held that accrual occurs upon submission of the claim rather than receipt of payment. The reference was decided in favor of the assessee and against the Revenue, establishing that the timing of accrual is determined by when the claim is made, not when cash is received. en-us Wed, 23 Oct 2024 00:00:00 +0530 Mon, 04 Nov 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761047 The Punjab and Haryana HC ruled that cash incentives accrue to the assessee on the date when the application for claim is submitted to the Competent Authority, not when the incentive is actually received. The court confirmed its earlier precedent and held that accrual occurs upon submission of the claim rather than receipt of payment. The reference was decided in favor of the assessee and against the Revenue, establishing that the timing of accrual is determined by when the claim is made, not when cash is received. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761047