https://www.taxtmi.com/caselaws?id=276326 Remuneration paid to a coparcener appointed manager under a partnership deed was held to be his individual income, not assessable in the Hindu undivided family's hands. The arrangement expressly provided payment for services rendered in conducting the business, so the amount was not treated as a mere share of partnership profits. The court applied the principle that a partner may, subject to contract, receive remuneration for taking part in the conduct of the business. Because the payment was earned for the coparcener's personal skill, ability and management services, it could not be attributed to the family merely because family capital had been supplied. en-us Thu, 22 Aug 1963 00:00:00 +0530 Tue, 06 Nov 2018 12:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276326 Remuneration paid to a coparcener appointed manager under a partnership deed was held to be his individual income, not assessable in the Hindu undivided family's hands. The arrangement expressly provided payment for services rendered in conducting the business, so the amount was not treated as a mere share of partnership profits. The court applied the principle that a partner may, subject to contract, receive remuneration for taking part in the conduct of the business. Because the payment was earned for the coparcener's personal skill, ability and management services, it could not be attributed to the family merely because family capital had been supplied. Case-Laws Income Tax Thu, 22 Aug 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276326