https://www.taxtmi.com/caselaws?id=22434 The estate income was held not to be diverted by an overriding title or trust merely because the will required the executors and trustees to discharge the deceased's debts and liabilities before applying the residue to charity. No specific charge on the income was created, and the income was received as income of the estate rather than on behalf of the creditors. Section 325 of the Indian Succession Act was treated as stating only the ordinary obligation to satisfy liabilities out of the estate, not as diverting income at source. The income was therefore assessable in the hands of the assessees, and the Revenue succeeded. en-us Fri, 22 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 11:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22434 The estate income was held not to be diverted by an overriding title or trust merely because the will required the executors and trustees to discharge the deceased's debts and liabilities before applying the residue to charity. No specific charge on the income was created, and the income was received as income of the estate rather than on behalf of the creditors. Section 325 of the Indian Succession Act was treated as stating only the ordinary obligation to satisfy liabilities out of the estate, not as diverting income at source. The income was therefore assessable in the hands of the assessees, and the Revenue succeeded. Case-Laws Income Tax Fri, 22 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22434