https://www.taxtmi.com/caselaws?id=58132 The Tribunal ruled that the second and third compensation instalments received by an individual from their employer, which were not due or paid during the relevant year, should not be taxed as salary. The judgment emphasized that only "salary due from an employer, whether paid or not," falls under Section 15 of the Income Tax Act, excluding sums not yet due or paid. The decision was based on factual findings, distinguishing between income accrued due and income actually received, highlighting the significance of adhering to agreements between employers and employees for accurate tax treatment. en-us Mon, 28 Apr 1980 00:00:00 +0530 Fri, 17 Dec 2010 15:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58132 The Tribunal ruled that the second and third compensation instalments received by an individual from their employer, which were not due or paid during the relevant year, should not be taxed as salary. The judgment emphasized that only "salary due from an employer, whether paid or not," falls under Section 15 of the Income Tax Act, excluding sums not yet due or paid. The decision was based on factual findings, distinguishing between income accrued due and income actually received, highlighting the significance of adhering to agreements between employers and employees for accurate tax treatment. Case-Laws Income Tax Mon, 28 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58132