https://www.taxtmi.com/caselaws?id=6213 A coparcener's managing director remuneration is taxable in individual hands where it is earned for personal services and not as a return on joint family funds. The governing test is whether there is a real and substantial nexus between family assets and the receipt, including any detriment to family property or use of family investment to secure the post. On the stated facts, the appointment was made by board resolution, the salary was paid for personal services, and there was no material showing that the office was obtained on behalf of the Hindu undivided family; the amount was therefore individual income, not family income. en-us Tue, 11 Aug 1970 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6213 A coparcener's managing director remuneration is taxable in individual hands where it is earned for personal services and not as a return on joint family funds. The governing test is whether there is a real and substantial nexus between family assets and the receipt, including any detriment to family property or use of family investment to secure the post. On the stated facts, the appointment was made by board resolution, the salary was paid for personal services, and there was no material showing that the office was obtained on behalf of the Hindu undivided family; the amount was therefore individual income, not family income. Case-Laws Income Tax Tue, 11 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6213