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2012 (5) TMI 315 - AT - Income TaxTaxability of an amounted received after an order of High Court in an interim order - accrual of income - held that:- the impugned receipt will have to be brought to tax as trading receipt in this assessment year and if and when the assessee pays the said impugned amount back to the concerned party, it would be entitled to claim deduction for the assessment year during which the amount ought have been paid/ refunded to the said party. - Decided in favor of revenue.
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