https://www.taxtmi.com/caselaws?id=184349 A poultry business was treated as a joint venture, not the exclusive proprietary concern of one family member, because the parties' conduct, the business arrangement, and the family manager's involvement did not support sole ownership. Admissions by the Karta or family manager, and a document relied upon as Ex. B-8, were held relevant and could not be ignored when determining whether accounts had been settled and whether the claim was within limitation. Because the appellate court failed to address these material issues adequately, the High Court's judgment was set aside in part and the matter was remitted for fresh consideration. en-us Thu, 17 May 2007 00:00:00 +0530 Sat, 20 Jan 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184349 A poultry business was treated as a joint venture, not the exclusive proprietary concern of one family member, because the parties' conduct, the business arrangement, and the family manager's involvement did not support sole ownership. Admissions by the Karta or family manager, and a document relied upon as Ex. B-8, were held relevant and could not be ignored when determining whether accounts had been settled and whether the claim was within limitation. Because the appellate court failed to address these material issues adequately, the High Court's judgment was set aside in part and the matter was remitted for fresh consideration. Case-Laws Indian Laws Thu, 17 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184349