https://www.taxtmi.com/caselaws?id=19547 The Court ruled in favor of the assessee, a private limited company, in a tax dispute concerning the inclusion of Rs. 72,000 in its income for assessment years 1982-83 and 1983-84. The Tribunal upheld the Commissioner's decision to exclude the sum from the assessee's income, finding that the payment to the partnership firms did not constitute part of the assessee's income based on genuine agreements. The Court agreed with the Tribunal's interpretation, concluding that there was no diversion of income and no error in excluding the sum from the assessee's income. en-us Fri, 26 Nov 1993 00:00:00 +0530 Sat, 07 Nov 2009 10:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19547 The Court ruled in favor of the assessee, a private limited company, in a tax dispute concerning the inclusion of Rs. 72,000 in its income for assessment years 1982-83 and 1983-84. The Tribunal upheld the Commissioner's decision to exclude the sum from the assessee's income, finding that the payment to the partnership firms did not constitute part of the assessee's income based on genuine agreements. The Court agreed with the Tribunal's interpretation, concluding that there was no diversion of income and no error in excluding the sum from the assessee's income. Case-Laws Income Tax Fri, 26 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19547