Court Rejects Claim of Income Diversion by Overriding Title u/s 12A; Actions Seen as Income Application.

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....Registration under Section 12A - diversion of income by overriding title - Wwhatever the assessee does out of the grant and interest accrued can only be said to be application of income for the stated objects and activity of the assessee society and therefore reject the assessee's plea that there was diversion of income by overriding title - AT....