https://www.taxtmi.com/caselaws?id=16293 Amounts set apart towards the molasses storage fund account and molasses storage tank fund account were held to be diverted at source by overriding title and, therefore, excluded from the assessee's total income. The Madras HC followed its earlier decision on identical facts and treated the relevant sums as not forming part of taxable income because they never accrued to the assessee as its own income. Accordingly, the amounts were not includible in total income. en-us Tue, 28 Oct 1997 00:00:00 +0530 Sat, 05 Sep 2009 16:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16293 Amounts set apart towards the molasses storage fund account and molasses storage tank fund account were held to be diverted at source by overriding title and, therefore, excluded from the assessee's total income. The Madras HC followed its earlier decision on identical facts and treated the relevant sums as not forming part of taxable income because they never accrued to the assessee as its own income. Accordingly, the amounts were not includible in total income. Case-Laws Income Tax Tue, 28 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16293