https://www.taxtmi.com/caselaws?id=7281 A managing director's salary in a private company was examined for tax attribution to a Hindu undivided family, with the decisive question being whether there was a sufficient nexus between joint family funds and the appointment or remuneration. On the facts found, the family's shareholding was acquired after the appointment in one reference, and there was no proof that the appointment or qualifying share flowed from family assets. In the connected matters, the sole share was not traced to the joint family nucleus, and the appointment was attributed to the individual's personal business experience. The salary was therefore treated as the individual income of the managing director, not family income. en-us Fri, 16 Feb 1968 00:00:00 +0530 Mon, 16 Feb 2009 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7281 A managing director's salary in a private company was examined for tax attribution to a Hindu undivided family, with the decisive question being whether there was a sufficient nexus between joint family funds and the appointment or remuneration. On the facts found, the family's shareholding was acquired after the appointment in one reference, and there was no proof that the appointment or qualifying share flowed from family assets. In the connected matters, the sole share was not traced to the joint family nucleus, and the appointment was attributed to the individual's personal business experience. The salary was therefore treated as the individual income of the managing director, not family income. Case-Laws Income Tax Fri, 16 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7281