Diversion of income by overriding title - interest earned on ...
State Government Claims Interest on Grants, Excluding It from Assessee's Income per Directives.
May 28, 2014
Case Laws Income Tax AT
Diversion of income by overriding title - interest earned on grants – The directives created an overriding title in favour of the State Government – thus, the interest cannot be assessed as the assessee's income - AT
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