https://www.taxtmi.com/caselaws?id=37827 The monthly payment payable to the Nawab Bahadur was treated as a diversion of income by overriding title, not a mere application of trust income. The right to receive the payment arose from the 1891 arrangement as consideration for relinquishment of sovereign and titular rights, and it remained distinct from the properties vested in the trustee under the 1963 statute. Applying the overriding title test, the obligation was attached to the revenue source itself, so the amount never became the trust's own income and was therefore excluded from taxable income. en-us Fri, 03 Mar 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37827 The monthly payment payable to the Nawab Bahadur was treated as a diversion of income by overriding title, not a mere application of trust income. The right to receive the payment arose from the 1891 arrangement as consideration for relinquishment of sovereign and titular rights, and it remained distinct from the properties vested in the trustee under the 1963 statute. Applying the overriding title test, the obligation was attached to the revenue source itself, so the amount never became the trust's own income and was therefore excluded from taxable income. Case-Laws Income Tax Fri, 03 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37827