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Diversion of Income By Overriding Title
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....sp;not be taxable in the hands of the recipient. Same is not the case where income is diverted by overriding title. Diversion of income by overriding title means that the income is diverted because of legal obligation .The source of income is subject to a legal obligation .In case the income is diverted because of a legal obligation,then the income shall not be included in the  ....
TaxTMI