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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Diversion of income by an overriding title - the payment made to ...


Payments to Ex-Partners or Spouses of Deceased Partners Not Taxable Due to Income Diversion by Overriding Title.

May 5, 2018

Case Laws     Income Tax     AT

Diversion of income by an overriding title - the payment made to ex-partners or to the spouses of the deceased partners was not application of money - it was a case of diversion of income by an overriding title - No tax liability - AT

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