https://www.taxtmi.com/caselaws?id=49562 A receipt paid to an assessee for professional services was held taxable as professional income where no pre-existing trust or overriding legal obligation diverted it at source. The payer had not created any legally enforceable trust arrangement before the amount accrued, and the assessee's later intention to create a charitable trust did not change the character of the receipt. That later step was only an application of income after receipt, so the doctrine of diversion by overriding title did not apply. en-us Wed, 27 Jul 1960 00:00:00 +0530 Tue, 02 Sep 2014 20:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49562 A receipt paid to an assessee for professional services was held taxable as professional income where no pre-existing trust or overriding legal obligation diverted it at source. The payer had not created any legally enforceable trust arrangement before the amount accrued, and the assessee's later intention to create a charitable trust did not change the character of the receipt. That later step was only an application of income after receipt, so the doctrine of diversion by overriding title did not apply. Case-Laws Income Tax Wed, 27 Jul 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49562