https://www.taxtmi.com/caselaws?id=276389 Remuneration received by a karta from a partnership firm was held includible in the Hindu undivided family's income where the family funds supplied the capital for the partnership interest. The decisive factor was the direct nexus between the joint family funds and the right to receive the remuneration: the karta did not act in any separate individual capacity, and the receipt arose from his position as partner acquired through family assets. Authorities treating similar receipts as personal income were distinguished because they lacked that family-fund connection. The amount was therefore attributable to the family and assessable in its hands. en-us Tue, 23 Jul 1963 00:00:00 +0530 Thu, 08 Nov 2018 17:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276389 Remuneration received by a karta from a partnership firm was held includible in the Hindu undivided family's income where the family funds supplied the capital for the partnership interest. The decisive factor was the direct nexus between the joint family funds and the right to receive the remuneration: the karta did not act in any separate individual capacity, and the receipt arose from his position as partner acquired through family assets. Authorities treating similar receipts as personal income were distinguished because they lacked that family-fund connection. The amount was therefore attributable to the family and assessable in its hands. Case-Laws Income Tax Tue, 23 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276389