https://www.taxtmi.com/caselaws?id=7155 Managing-director remuneration received by a karta of a Hindu undivided family was treated as assessable in the hands of the HUF where the appointment formed part of a connected family arrangement involving the transfer of family assets to a company and allotment of shares to family branches. The payment was not regarded as income earned solely from the karta's personal skill or independent employment, and prior assessment in the individual's hands was not conclusive. The governing principle is that, when remuneration is integrally linked to family interests in transferred assets, it retains the character of family income rather than the individual income of the karta. en-us Tue, 03 May 1966 00:00:00 +0530 Wed, 11 Feb 2009 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7155 Managing-director remuneration received by a karta of a Hindu undivided family was treated as assessable in the hands of the HUF where the appointment formed part of a connected family arrangement involving the transfer of family assets to a company and allotment of shares to family branches. The payment was not regarded as income earned solely from the karta's personal skill or independent employment, and prior assessment in the individual's hands was not conclusive. The governing principle is that, when remuneration is integrally linked to family interests in transferred assets, it retains the character of family income rather than the individual income of the karta. Case-Laws Income Tax Tue, 03 May 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7155