https://www.taxtmi.com/caselaws?id=5243 In a tax reference, the High Court must proceed on the Appellate Tribunal's findings of fact and cannot reappraise evidence unless the factual issue is properly raised under the Act; the Tribunal's finding that no governing agreement was proved therefore stood. On the compensation issue, amounts paid to outgoing agents were not shown to be laid out wholly and exclusively for business purposes, and the absence of proof of the exact arrangement also meant the sum was not diverted at source by an overriding title. An obligation to apply income after receipt is only application of income, not a bar to taxability. en-us Thu, 20 Feb 1969 00:00:00 +0530 Sat, 22 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5243 In a tax reference, the High Court must proceed on the Appellate Tribunal's findings of fact and cannot reappraise evidence unless the factual issue is properly raised under the Act; the Tribunal's finding that no governing agreement was proved therefore stood. On the compensation issue, amounts paid to outgoing agents were not shown to be laid out wholly and exclusively for business purposes, and the absence of proof of the exact arrangement also meant the sum was not diverted at source by an overriding title. An obligation to apply income after receipt is only application of income, not a bar to taxability. Case-Laws Income Tax Thu, 20 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5243