https://www.taxtmi.com/caselaws?id=163724 In a trading Hindu family, a business started by adult family members after the father's death may be treated as a joint family business where no independent source of capital is shown and the venture is not speculative; on that basis, the profits were assessable as family income and the family remained liable for the tax. A civil suit framed as a declaration against recovery of income-tax arrears, but in substance aimed at defeating the assessment and enforcement of the demand, was barred by section 67 of the Indian Income-tax Act, 1922. The proper remedy lay within the statutory tax process or in partition proceedings with the tax authorities impleaded. en-us Tue, 24 Jul 1962 00:00:00 +0530 Tue, 08 Apr 2014 12:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163724 In a trading Hindu family, a business started by adult family members after the father's death may be treated as a joint family business where no independent source of capital is shown and the venture is not speculative; on that basis, the profits were assessable as family income and the family remained liable for the tax. A civil suit framed as a declaration against recovery of income-tax arrears, but in substance aimed at defeating the assessment and enforcement of the demand, was barred by section 67 of the Indian Income-tax Act, 1922. The proper remedy lay within the statutory tax process or in partition proceedings with the tax authorities impleaded. Case-Laws Income Tax Tue, 24 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163724