https://www.taxtmi.com/caselaws?id=55256 The Tribunal ruled in favor of the assessee company, holding that the addition of Rs. 1,58,568 on account of uncollected fees from students was not justified. The Tribunal applied the principle of real income, noting that the unpaid fees did not constitute actual income as no services were rendered, and the assessee had no legal right to recover the amounts. Additionally, the Tribunal considered business expediency and the Institute of Chartered Accountants of India's guidance on Accrual Basis of Accounting, ultimately allowing the appeal and deleting the addition to the total income. en-us Tue, 23 Jan 1996 00:00:00 +0530 Wed, 24 Nov 2010 18:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55256 The Tribunal ruled in favor of the assessee company, holding that the addition of Rs. 1,58,568 on account of uncollected fees from students was not justified. The Tribunal applied the principle of real income, noting that the unpaid fees did not constitute actual income as no services were rendered, and the assessee had no legal right to recover the amounts. Additionally, the Tribunal considered business expediency and the Institute of Chartered Accountants of India's guidance on Accrual Basis of Accounting, ultimately allowing the appeal and deleting the addition to the total income. Case-Laws Income Tax Tue, 23 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55256