Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    India Authorizes Export of Nine Essential...     TaxTMI    GST Amnesty Scheme Under Section 128(A) Offers...     TaxTMI    Insolvency Professionals Must Use Baanknet Platform...     TaxTMI    GST Orders Uploaded Without Proper Service Violate...     TaxTMI    GST Time Extension During COVID-19: Court Defers...     TaxTMI    Bail denied for mastermind accused of Rs. 53.03...     TaxTMI    Taxpayer's Appeal Succeeds as Cash from Selling...     TaxTMI    SEBI Extends Cybersecurity Framework Compliance...     TaxTMI    SEBI Revises Lock-in Rules for InvIT Preferential...     TaxTMI    Customs Duty Rates Under India-UAE CEPA to Change...     TaxTMI    Karnataka Urban Water Supply & Drainage Board...     TaxTMI    Income-tax Rules Amended: Form 3CD Gets Major...     TaxTMI    Government Amends India-Mauritius CECPA Tariff...     TaxTMI    SEBI Amends REIT Regulations: Relaxed Lock-in Rules...     TaxTMI    SCN Issued Two Days Beyond Section 73(2) Deadline...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Diversion of income by overriding title - amount paid by the ...


Court Allows Income Deduction for Payments to Deceased Partner's Wife Under Overriding Title, Affirms Tax Eligibility.

September 25, 2012

Case Laws     Income Tax     AT

Diversion of income by overriding title - amount paid by the assessee to wife of deceased partner of the firm - deduction allowed - AT

View Source

 

← Previous Next →

 

You may also like:

  1. 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...

  2. 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...

  3. Disallowance of partners’ salary from undisclosed income - deduction allowed - AT

  4. Capital Gains - diversion of income by overriding title - the theory of real income cannot be applied to allow deduction to the assessee which is otherwise not...

  5. Diversion of income by overriding title - payment to expartners or spouses of deceased partners - amount was a prior and overriding charge on the receipts of the firm in...

  6. Deduction u/s 37 - Provision for Suraksha Fund - Suraksha Fund created by the order of Office of the Registrar, Co-operative Societies, Rajasthan - diversion by...

  7. Bad debts u/s 36(1) - Diversion of income by overriding title - assessee claimed that since land was mortgaged to the bank for loan to HPGPL and the bank has adjusted...

  8. Profit sharing agreement - Diversion of income by overriding title or mere application of income - the assessee has been obligated by virtue of the agreement to divert...

  9. Disallowance of payment made to the legal heirs of the deceased partner - overriding charge - amount is deductible as expense - AT

  10. Diversion of income by overriding title - merely because the moneys flow through the assessee, it cannot be automatically inferred that it is income in the hands of the...

  11. Registration under Section 12A - diversion of income by overriding title - Wwhatever the assessee does out of the grant and interest accrued can only be said to be...

  12. Income on account of interest treated as income from other sources – Disallowance of remuneration to partners from interest income - deduction allowed considering as...

  13. The assessee derived profits from an SEZ unit before depreciation. The issue was whether business losses of earlier years should be reduced from eligible profits for...

  14. Taxability of capital gain - Diversion of income - mortgage by deposit of title deeds, the mortgagee, Bank does not acquire title, much less overriding title to the...

  15. 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...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: GST Compliance for Temporary Goods Movement: Navigating Inter-State Tr...
F: YouTube Content Creator Seeks GST Input Tax Credit Clarification for Z...
F: GST Dispute Highlights Procedural Limits: Appellate Authority Barred f...
A: NGOs Can Now Easily Secure Tax Exemptions Through Streamlined 12A Onli...
A: Digital Export Revolution: Simplified Scheme Corrections Now Possible ...
A: Property Sale Value Dispute: Section 50C Requires Proper Valuation Pro...
A: GST Discounts Decoded: Navigating Promotional Strategies, Invoice Mana...
A: Consumer Rights Strengthened: New Act Empowers Buyers with Robust Prot...
A: Sustainable Aquaculture: Global Trade Balancing Ecosystem Health, Food...
A: Empowering Local Artisans: SHGs Leverage Digital Platforms and Global ...
A: Reimagining Sustainable Living: Transforming Consumer Habits to Heal E...
A: Massive Traffic Rule Overhaul: Hefty Fines, Potential Jail Time Introd...
A: Customs Rules Update: Expanded Origin Documentation Streamlines Intern...
A: Eco-Friendly Electoral Reforms: Transforming Political Campaigns Throu...
A: Transforming Cooling Technologies: Sustainable Refrigerants as Key Str...
H: Pharmaceutical Exporter Wins IGST Refund Claim, Court Orders Immediate...
H: Legal Challenge Upheld: Statutory Non-Compliance Invalidates Order Whe...
H: Accused Granted Bail in GST Evasion Case After Careful Review of Inves...
H: Legal Challenge to CGST Act Section 16(2)(c) Succeeds: Procedural Dela...
H: Tax Order Quashed: Procedural Defects Invalidate Summary Dismissal of ...
H: Legal Relief Granted: GST Registration Restored After Director's Death...
H: Income Tax Department Transfers Assessment Files Under Section 127, En...
H: Tax Reassessment Invalidated: Second Section 148 Notice Exceeds Four-Y...
H: Tax Reassessment Invalidated: Critical Procedural Defect Exposes Flawe...
H: State-Owned Corporation Granted Partial Tax Relief, Must Deposit Rs. 3...
H: Tax Proceedings Suspended for Dissolved Company Under Section 147 Pend...
H: Legitimate Business Investment Tax Deduction Upheld: Company Successfu...
H: Prior Period Expenses Must Be Recognized in Current Financial Year Cal...
H: Tribunal Clears Inter-Company Transactions, Finds No Violation in Part...
H: Transfer Pricing Appeal Invalidated: Jurisdictional Defects Render CIT...