https://www.taxtmi.com/caselaws?id=56819 Disputed excess rent collected by a cold storage assessee and deposited with the District Magistrate under High Court directions did not constitute taxable income for the relevant year because the amount had not really accrued to the assessee. The decisive test was real accrual or receipt, not a mere credit entry in the books. Since the assessee had no enforceable right to retain the disputed amount and no effective control after deposit, it was treated as a sum held under judicial control rather than real income. Authorities relying on accounting treatment and unrelated trading-receipt cases were distinguished. en-us Mon, 18 Jan 1988 00:00:00 +0530 Mon, 06 Dec 2010 18:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56819 Disputed excess rent collected by a cold storage assessee and deposited with the District Magistrate under High Court directions did not constitute taxable income for the relevant year because the amount had not really accrued to the assessee. The decisive test was real accrual or receipt, not a mere credit entry in the books. Since the assessee had no enforceable right to retain the disputed amount and no effective control after deposit, it was treated as a sum held under judicial control rather than real income. Authorities relying on accounting treatment and unrelated trading-receipt cases were distinguished. Case-Laws Income Tax Mon, 18 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56819