https://www.taxtmi.com/caselaws?id=13036 The court held that the amounts credited to the molasses storage fund account, including interest, and contributions made for specific assessment years were not part of the assessee's income due to statutory diversion at the source. The court ruled in favor of the assessee, finding that these funds were controlled by the Central Government and thus not forming part of the assessable income. The decision was in favor of the assessee and against the Revenue. en-us Tue, 11 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 10:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13036 The court held that the amounts credited to the molasses storage fund account, including interest, and contributions made for specific assessment years were not part of the assessee's income due to statutory diversion at the source. The court ruled in favor of the assessee, finding that these funds were controlled by the Central Government and thus not forming part of the assessable income. The decision was in favor of the assessee and against the Revenue. Case-Laws Income Tax Tue, 11 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13036