ITAT explains Concept of diversion of income by overriding title

INCOME TAX APPELLATE TRIBUNAL DELHI ITA no.1560/Del./2012 Assessment year: 2005-06 Shroff Eye Centre, Vs. Assistant CIT Date of pronouncement 03-08-2012 O R D E R A.N. PAHUJA :- This appeal filed on 03.04.2012 by the assessee against an order dated 01.03.2012 of the CIT(A)-XXVIII, New Delhi, raises the following grounds:- 1) “That the order of the learned CIT(A) is against facts and law. 2) That the learned CIT(A) is not justified in confirming the disallowance of Rs. 3 lacs being charge on receipts. 3) That the learned CIT(A) is not justified in confirming the disallowance...