1982 (2) TMI 27 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the assessee in a tax case regarding the inclusion of Rs. 28,000 on account of hire charges on dumpers in her total income for the assessment year 1976-77. The court held that the income had not accrued to the assessee and was not received by her, therefore, it was not includible in her total income. The court's decision was based on the fact that the right to recover the amount had not yet accrued to the assessee.