Enhanced Compensation is taxable only after right to receive is established
Brief facts of the Case :- Mr. J.N. Dhamija filed his return of income for AY 1989-90 .During the course of the assessment proceedings, Mr. Dhamija’s auditors submitted a letter dated 19th August 1990 to the Assessing Officer (AO) explaining that Mr. Dhamija had received additional compensation of Rs. 3,64,03,764/- and Rs. 6,02,3301- in the… Read More »