https://www.taxtmi.com/caselaws?id=6747 Income traceable to joint family assets remains Hindu undivided family income even where the receipts arise from salary, commission and sitting fees for personal services, if the controlling shareholding and business nexus are rooted in family funds and assets. The commentary also notes that revisional power under section 33B extends to an independent protective assessment order because its character is not altered by the finality of a related individual assessment; the Commissioner may revise an erroneous order prejudicial to the Revenue. en-us Wed, 16 Jun 1965 00:00:00 +0530 Sun, 01 Feb 2009 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6747 Income traceable to joint family assets remains Hindu undivided family income even where the receipts arise from salary, commission and sitting fees for personal services, if the controlling shareholding and business nexus are rooted in family funds and assets. The commentary also notes that revisional power under section 33B extends to an independent protective assessment order because its character is not altered by the finality of a related individual assessment; the Commissioner may revise an erroneous order prejudicial to the Revenue. Case-Laws Income Tax Wed, 16 Jun 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6747