https://www.taxtmi.com/caselaws?id=60520 Income is excluded from tax only where it is diverted at source by an overriding obligation before reaching the assessee; where match proceeds were first received and then applied to charities and related funds, the surplus remained taxable as application of income. The appellate authority could examine the assessed subject-matter and enhance within that field, but the exact surplus had not been correctly determined because receipts and expenses crossed accounting periods. The proper course was fresh determination after further inquiry and hearing, so the taxability point was upheld while the quantum issue was remitted for recalculation. en-us Mon, 02 Nov 1987 00:00:00 +0530 Wed, 05 Jan 2011 17:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60520 Income is excluded from tax only where it is diverted at source by an overriding obligation before reaching the assessee; where match proceeds were first received and then applied to charities and related funds, the surplus remained taxable as application of income. The appellate authority could examine the assessed subject-matter and enhance within that field, but the exact surplus had not been correctly determined because receipts and expenses crossed accounting periods. The proper course was fresh determination after further inquiry and hearing, so the taxability point was upheld while the quantum issue was remitted for recalculation. Case-Laws Income Tax Mon, 02 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60520