https://www.taxtmi.com/caselaws?id=252783 Receipts collected under the assessee's statutory powers were held to remain part of its own funds, because the office memorandum did not vest those amounts in the State Government or create a prior title in another entity. The direction merely required the sums to be credited to a designated account and spent for specified development purposes, so the arrangement amounted to application of income rather than diversion by overriding title. The claim that the infrastructure fund contributions were outside taxable income therefore failed. A separate unsigned document was also rejected, since it was unauthenticated and could not be admitted without compliance with the procedure for additional evidence. en-us Fri, 21 Mar 2014 00:00:00 +0530 Tue, 04 Nov 2014 06:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252783 Receipts collected under the assessee's statutory powers were held to remain part of its own funds, because the office memorandum did not vest those amounts in the State Government or create a prior title in another entity. The direction merely required the sums to be credited to a designated account and spent for specified development purposes, so the arrangement amounted to application of income rather than diversion by overriding title. The claim that the infrastructure fund contributions were outside taxable income therefore failed. A separate unsigned document was also rejected, since it was unauthenticated and could not be admitted without compliance with the procedure for additional evidence. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252783