https://www.taxtmi.com/highlights?id=82751 The High Court held that cash incentives accrue to the assessee on the date when the application for claim is submitted to the Competent Authority, and not from the date of actual receipt or disbursement of the incentive. This view aligns with the court's earlier decision in a similar case. The reference was decided in favor of the assessee and against the Revenue authorities regarding the timing of accrual recognition for cash incentives. en-us Mon, 04 Nov 2024 08:12:52 +0530 Mon, 04 Nov 2024 08:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82751 The High Court held that cash incentives accrue to the assessee on the date when the application for claim is submitted to the Competent Authority, and not from the date of actual receipt or disbursement of the incentive. This view aligns with the court's earlier decision in a similar case. The reference was decided in favor of the assessee and against the Revenue authorities regarding the timing of accrual recognition for cash incentives. Highlights Income Tax Mon, 04 Nov 2024 08:12:52 +0530 https://www.taxtmi.com/highlights?id=82751