TMI BlogLong Term Capital Gain - sale of property - diversion of income due to overriding title - whether the...Long Term Capital Gain - sale of property - diversion of income due to overriding title - whether the sale of the property has been made directly by the SBI and the sale consideration was appropriated to the loan amount? - if the money was routed through the bank account of the assessee before being finally appropriated towards the dues of M/s. PPPL, there cannot be diversion of income by overriding title. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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