https://www.taxtmi.com/highlights?id=66509 Diversion of income by overriding Title - The assessee has acted as nodal or implementing agency for the schemes framed by GOI. Hence the amounts transferred to TDF/WDF are diverted at source itself and hence, the same does not belong to the assessee. Accordingly, the amounts so diverted to TDF/WDF cannot be brought to tax in the hands of the assessee. - AT en-us Sat, 12 Nov 2022 12:50:00 +0530 Sat, 12 Nov 2022 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66509 Diversion of income by overriding Title - The assessee has acted as nodal or implementing agency for the schemes framed by GOI. Hence the amounts transferred to TDF/WDF are diverted at source itself and hence, the same does not belong to the assessee. Accordingly, the amounts so diverted to TDF/WDF cannot be brought to tax in the hands of the assessee. - AT Highlights Income Tax Sat, 12 Nov 2022 12:50:00 +0530 https://www.taxtmi.com/highlights?id=66509