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1991 (6) TMI 61 - HC - Income TaxExtract: .......ime when the award was made. The same having been made on November 5, 1976, the taxing authorities rightly regarded the compensation as income for the accounting year ending on March 31, 1977, and taxed it in the assessment year 1977-78. We would, therefore, answer the question in the affirmative and against the assessee. D. M. PATNAIK J. -I agree.
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