Diversion of income by way of overriding title - legal heirs of ...

Payment to Deceased Partner's Heirs as Diversion of Income by Overriding Title is Allowable.

March 7, 2019

Case Laws Income Tax AT

Diversion of income by way of overriding title - legal heirs of the deceased partner was paid a sum as per the partnership deed - Diversion of income at source can take place either under a legal compulsion or under a contractual obligation or else under a statutory provision. Hence payment legal heirs of the deceased partner is allowable as Diversion of income.

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Diversion of income by way of overriding title - legal heirs of ...

Payment to Deceased Partner's Heirs as Diversion of Income by Overriding Title is Allowable.

March 7, 2019

Case Laws Income Tax AT

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