https://www.taxtmi.com/caselaws?id=292116 Where royalty had already accrued to the assessee, a direction that part of it be retained and applied towards discharge of his own debt was only an application of income after accrual, not a diversion at source by overriding title. The full royalty therefore remained taxable in the assessee's hands, including the amount used to satisfy the liability. The arrangement was distinguishable from a true external charge on income before it reached the assessee. en-us Wed, 29 Nov 1933 00:00:00 +0530 Thu, 30 May 2024 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292116 Where royalty had already accrued to the assessee, a direction that part of it be retained and applied towards discharge of his own debt was only an application of income after accrual, not a diversion at source by overriding title. The full royalty therefore remained taxable in the assessee's hands, including the amount used to satisfy the liability. The arrangement was distinguishable from a true external charge on income before it reached the assessee. Case-Laws Income Tax Wed, 29 Nov 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292116