https://www.taxtmi.com/caselaws?id=60303 The Appellate Tribunal held that the sales-tax subsidy received by the assessee for the assessment year 1981-82 was not taxable in that year as the legal right to receive it was still pending due to ongoing legal proceedings. Relying on legal principles that income accrues only when finally determined, the Tribunal concluded that since the subsidy's taxability was still under appeal and unresolved, it could not be taxed in the relevant assessment year. The Tribunal dismissed the department's appeal, upholding the decision in favor of the assessee regarding the non-taxability of the subsidy for that year. en-us Tue, 10 Sep 1991 00:00:00 +0530 Tue, 04 Jan 2011 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60303 The Appellate Tribunal held that the sales-tax subsidy received by the assessee for the assessment year 1981-82 was not taxable in that year as the legal right to receive it was still pending due to ongoing legal proceedings. Relying on legal principles that income accrues only when finally determined, the Tribunal concluded that since the subsidy's taxability was still under appeal and unresolved, it could not be taxed in the relevant assessment year. The Tribunal dismissed the department's appeal, upholding the decision in favor of the assessee regarding the non-taxability of the subsidy for that year. Case-Laws Income Tax Tue, 10 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60303