https://www.taxtmi.com/caselaws?id=192918 A Hindu undivided family need not be a direct partner to be assessed on partnership income if the karta entered the partnership on behalf of the family and the surrounding facts show family ownership of the venture. Here, the capital was contributed from family funds, the partnership interests stood in the family name, and the family accounts recorded the income as its own receipt. The Tribunal's finding that the karta acted representatively was supported by sufficient material, so the managing agency income was assessable in the hands of the Hindu undivided family. en-us Tue, 07 Sep 1954 00:00:00 +0530 Mon, 03 Jul 2017 17:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192918 A Hindu undivided family need not be a direct partner to be assessed on partnership income if the karta entered the partnership on behalf of the family and the surrounding facts show family ownership of the venture. Here, the capital was contributed from family funds, the partnership interests stood in the family name, and the family accounts recorded the income as its own receipt. The Tribunal's finding that the karta acted representatively was supported by sufficient material, so the managing agency income was assessable in the hands of the Hindu undivided family. Case-Laws Income Tax Tue, 07 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192918