https://www.taxtmi.com/caselaws?id=9207 A partnership between a karta of a Hindu undivided family and coparceners in their individual capacities is valid where the coparceners contribute separate property acquired without aid of family funds. The legal vice arises only when coparceners are treated as partners in respect of coparcenary property while retaining their joint character. On the facts discussed, the coparceners had separate remuneration balances and the deed permitted investment of those personal funds in the firm, so the arrangement was a genuine partnership and not a colourable continuation of the joint family business. en-us Wed, 20 Jun 1973 00:00:00 +0530 Sat, 20 Jun 2009 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9207 A partnership between a karta of a Hindu undivided family and coparceners in their individual capacities is valid where the coparceners contribute separate property acquired without aid of family funds. The legal vice arises only when coparceners are treated as partners in respect of coparcenary property while retaining their joint character. On the facts discussed, the coparceners had separate remuneration balances and the deed permitted investment of those personal funds in the firm, so the arrangement was a genuine partnership and not a colourable continuation of the joint family business. Case-Laws Income Tax Wed, 20 Jun 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9207