https://www.taxtmi.com/caselaws?id=39417 The High Court held that the sales tax refund amounting to Rs. 42,945 was assessable in the assessment year 1966-67, emphasizing the actual receipt of the refund as the crucial factor under section 41(1) of the Income-tax Act, 1961. The court ruled against the assessee, stating that the refund was obtained only after the Sales Tax Officer passed the refund order on August 19, 1965. Consequently, the court did not address the determination of the right to receive the sales tax refund, and the assessee was directed to bear the costs of the reference to the Commissioner. en-us Tue, 23 Dec 1975 00:00:00 +0530 Fri, 16 Apr 2010 13:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39417 The High Court held that the sales tax refund amounting to Rs. 42,945 was assessable in the assessment year 1966-67, emphasizing the actual receipt of the refund as the crucial factor under section 41(1) of the Income-tax Act, 1961. The court ruled against the assessee, stating that the refund was obtained only after the Sales Tax Officer passed the refund order on August 19, 1965. Consequently, the court did not address the determination of the right to receive the sales tax refund, and the assessee was directed to bear the costs of the reference to the Commissioner. Case-Laws Income Tax Tue, 23 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39417