https://www.taxtmi.com/caselaws?id=69376 The Tribunal dismissed the Revenue's appeal, affirming the AAC's decision to exclude the excess amount of salary from the share income assessed by the ITO. The Tribunal emphasized the need for a real and sufficient connection between family funds invested in the firm and the salary paid to the Karta, concluding that the salary was primarily for services rendered by the individual. Only Rs. 5,099 of the salary was deemed justifiable for inclusion, based on Supreme Court principles regarding the nature of salary income in relation to family investments in a firm. en-us Mon, 17 Dec 1984 00:00:00 +0530 Wed, 06 Apr 2011 14:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69376 The Tribunal dismissed the Revenue's appeal, affirming the AAC's decision to exclude the excess amount of salary from the share income assessed by the ITO. The Tribunal emphasized the need for a real and sufficient connection between family funds invested in the firm and the salary paid to the Karta, concluding that the salary was primarily for services rendered by the individual. Only Rs. 5,099 of the salary was deemed justifiable for inclusion, based on Supreme Court principles regarding the nature of salary income in relation to family investments in a firm. Case-Laws Income Tax Mon, 17 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69376