https://www.taxtmi.com/caselaws?id=58234 The Tribunal upheld the decision that the commission amount of Rs. 53,982 credited by the assessee should not be taxed as accrued income. Emphasizing the principle of real income, the Tribunal ruled that the entries in the books did not result in actual income and therefore should not be taxable. The Tribunal also approved the filing of a revised return under section 139(5) to correct the error, highlighting that the options of revising the return or writing off the amount as a bad debt were not mutually exclusive. The department's appeal was dismissed. en-us Fri, 22 Jul 1983 00:00:00 +0530 Sat, 18 Dec 2010 10:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58234 The Tribunal upheld the decision that the commission amount of Rs. 53,982 credited by the assessee should not be taxed as accrued income. Emphasizing the principle of real income, the Tribunal ruled that the entries in the books did not result in actual income and therefore should not be taxable. The Tribunal also approved the filing of a revised return under section 139(5) to correct the error, highlighting that the options of revising the return or writing off the amount as a bad debt were not mutually exclusive. The department's appeal was dismissed. Case-Laws Income Tax Fri, 22 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58234