https://www.taxtmi.com/caselaws?id=168622 A karta cannot, in respect of ancestral joint family business, validly form a partnership with coparceners in their individual capacities where no separate property is brought in and the arrangement is inconsistent with the family character of the business. The governing principle is that coparceners cannot simultaneously claim rights as members of the Hindu undivided family and as individual partners in the same joint family business. If the purported partnership is invalid, the business remains joint family property and its income is attributable to the Hindu undivided family as a whole. en-us Wed, 31 Oct 1962 00:00:00 +0530 Wed, 18 Mar 2015 11:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168622 A karta cannot, in respect of ancestral joint family business, validly form a partnership with coparceners in their individual capacities where no separate property is brought in and the arrangement is inconsistent with the family character of the business. The governing principle is that coparceners cannot simultaneously claim rights as members of the Hindu undivided family and as individual partners in the same joint family business. If the purported partnership is invalid, the business remains joint family property and its income is attributable to the Hindu undivided family as a whole. Case-Laws Income Tax Wed, 31 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168622