https://www.taxtmi.com/caselaws?id=20754 The High Court of Bombay held that the sums paid to the widows of deceased partners constituted the assessee's income as they were not deductible based on the concept of diversion of income by overriding title. The court concluded that the payments were applications of income and not diversions by overriding title, therefore rejecting the assessee's argument for deductions. The court ruled in favor of the Revenue, stating that the Tribunal was not justified in excluding the sums from the assessee's income. en-us Tue, 30 Mar 1993 00:00:00 +0530 Tue, 17 Nov 2009 10:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20754 The High Court of Bombay held that the sums paid to the widows of deceased partners constituted the assessee's income as they were not deductible based on the concept of diversion of income by overriding title. The court concluded that the payments were applications of income and not diversions by overriding title, therefore rejecting the assessee's argument for deductions. The court ruled in favor of the Revenue, stating that the Tribunal was not justified in excluding the sums from the assessee's income. Case-Laws Income Tax Tue, 30 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20754