https://www.taxtmi.com/caselaws?id=276414 The court held that the remuneration received by the managing director from the bank did not qualify as joint family property under Hindu Law. The earnings were deemed personal income, not linked to family funds or shares purchased using joint family funds. The court emphasized that the remuneration was a result of the individual's services and contract with the bank, distinct from family assets. Therefore, the remuneration was considered personal earnings attributable to the managing director's qualifications and services, rather than joint family property. en-us Tue, 15 Nov 1949 00:00:00 +0530 Sat, 10 Nov 2018 12:07:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276414 The court held that the remuneration received by the managing director from the bank did not qualify as joint family property under Hindu Law. The earnings were deemed personal income, not linked to family funds or shares purchased using joint family funds. The court emphasized that the remuneration was a result of the individual's services and contract with the bank, distinct from family assets. Therefore, the remuneration was considered personal earnings attributable to the managing director's qualifications and services, rather than joint family property. Case-Laws Income Tax Tue, 15 Nov 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276414