https://www.taxtmi.com/caselaws?id=801160 Excess managerial remuneration determined after finalisation and audit of the employer's accounts, and actually recovered in a later previous year, is adjustable in computing that year's salary income. The claim operates as a salary computation adjustment under section 15, rather than as an independent deduction under section 16 or a revision of salary assessed for the earlier year. An enforceable repayment liability must crystallise in the relevant year, with actual recovery supported by audited accounts and banking records. The annuality principle does not prevent recognition of a genuine subsequent recovery. en-us Mon, 28 Sep 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801160 Excess managerial remuneration determined after finalisation and audit of the employer's accounts, and actually recovered in a later previous year, is adjustable in computing that year's salary income. The claim operates as a salary computation adjustment under section 15, rather than as an independent deduction under section 16 or a revision of salary assessed for the earlier year. An enforceable repayment liability must crystallise in the relevant year, with actual recovery supported by audited accounts and banking records. The annuality principle does not prevent recognition of a genuine subsequent recovery. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801160