Babulal Narottamdas & Ors. vs Commissioner Of Income Tax

Whether income from special additional remuneration accrued to the assessee in the assessment years 1950-51 to 1952-53 when the company passed a resolution, or only in November 1955 when the High Court validated the resolution after litigation by shareholders --- Held: Income accrued in the assessment years when the resolution was passed, not when the litigation concluded.

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