https://www.taxtmi.com/caselaws?id=7224 A new cloth business started without joint family funds, family labour, or participation by other family members was presumptively the separate income of the person who carried it on. Mere crediting of profits to an individual capital account in family books did not, by itself, displace that presumption, because blending of separate property depends on the owner's intention to treat it as joint family property. On the facts accepted, there was no clear evidence to rebut separate ownership, so the profits from the cloth transaction were not assessable as Hindu undivided family income. en-us Wed, 01 Feb 1967 00:00:00 +0530 Mon, 16 Feb 2009 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7224 A new cloth business started without joint family funds, family labour, or participation by other family members was presumptively the separate income of the person who carried it on. Mere crediting of profits to an individual capital account in family books did not, by itself, displace that presumption, because blending of separate property depends on the owner's intention to treat it as joint family property. On the facts accepted, there was no clear evidence to rebut separate ownership, so the profits from the cloth transaction were not assessable as Hindu undivided family income. Case-Laws Income Tax Wed, 01 Feb 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7224