https://www.taxtmi.com/caselaws?id=56259 Where gratuity was sanctioned for payment in specified future instalments, and the governing rules barred receipt or deemed receipt before those dates, no right to receive accrued merely on retirement. The deferred instalments therefore did not accrue or arise in the year of retirement, and the assessment could not be treated as erroneous for taxing only amounts that had actually accrued. On that basis, revision under section 263 was held unsustainable and the original assessment was restored. en-us Wed, 18 Mar 1981 00:00:00 +0530 Thu, 02 Dec 2010 17:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56259 Where gratuity was sanctioned for payment in specified future instalments, and the governing rules barred receipt or deemed receipt before those dates, no right to receive accrued merely on retirement. The deferred instalments therefore did not accrue or arise in the year of retirement, and the assessment could not be treated as erroneous for taxing only amounts that had actually accrued. On that basis, revision under section 263 was held unsustainable and the original assessment was restored. Case-Laws Income Tax Wed, 18 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56259