https://www.taxtmi.com/caselaws?id=58016 The Tribunal allowed the appeal in part, ruling that the amount of Rs. 31,71,231 claimed for material import entitlement should not be included in the appellant's income for the relevant year as it neither accrued nor was received. The Tribunal considered that the anticipated benefit from duty exemption did not constitute actual income since no imports were made during the year. The decision aligned with the appellant's argument that such benefits should not be taxed until realized, ultimately excluding the amount from the computation of total income. en-us Mon, 09 Dec 1991 00:00:00 +0530 Wed, 15 Dec 2010 18:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58016 The Tribunal allowed the appeal in part, ruling that the amount of Rs. 31,71,231 claimed for material import entitlement should not be included in the appellant's income for the relevant year as it neither accrued nor was received. The Tribunal considered that the anticipated benefit from duty exemption did not constitute actual income since no imports were made during the year. The decision aligned with the appellant's argument that such benefits should not be taxed until realized, ultimately excluding the amount from the computation of total income. Case-Laws Income Tax Mon, 09 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58016