https://www.taxtmi.com/caselaws?id=5656 The Supreme Court clarified that if a member of a Hindu undivided family (HUF) receives a salary for services to a partnership firm, it is considered the individual's income. However, if the salary is a return on HUF investments, it should be added to HUF income. The Court determined that 60% of the salary paid to a partner in an agricultural partnership firm is agricultural income, with the remaining 40% taxable under the Income-tax Act. The Tribunal's decision not to assess the salary in the HUF's hands was upheld, and the appeals were dismissed with no costs awarded. en-us Wed, 01 Oct 1997 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5656 The Supreme Court clarified that if a member of a Hindu undivided family (HUF) receives a salary for services to a partnership firm, it is considered the individual's income. However, if the salary is a return on HUF investments, it should be added to HUF income. The Court determined that 60% of the salary paid to a partner in an agricultural partnership firm is agricultural income, with the remaining 40% taxable under the Income-tax Act. The Tribunal's decision not to assess the salary in the HUF's hands was upheld, and the appeals were dismissed with no costs awarded. Case-Laws Income Tax Wed, 01 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5656