Diversion of Income By Overriding Title

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..... ble in the hands of the recipient. Same is not the case where income is diverted by overriding title. Diversion of income by overriding title means that the income is diverted because of legal obligation .The source of income is subject to a legal obligation .In case the income is diverted because of a legal obligation ,then the income shall not be included in the income of the person who ha .....

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..... f an assessee even before he could lay a claim to receive it as his income, there would be diversion of income by overriding title; but when after receipt of the income the same is passed on to a third person, in discharge of the obligation of the assessee, it will be a case of application of income and not diversion of income. - Manuals - Ready reckoner - Law and practice - Reference Guide - Q .....

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