https://www.taxtmi.com/caselaws?id=277016 Income from a new partnership venture was treated as Hindu undivided family income where the Tribunal found that the venture was financed entirely from joint family funds, the partners were family members representing the two family branches, no personal funds were invested, and goods were supplied from the family business without commission. On those factual findings, the members who executed the partnership were regarded as acting for the family rather than in their individual capacities, and the profits were attributed to the family. The question of any personal right to represent the family was treated as immaterial in light of the proven use of joint family resources. en-us Thu, 20 Dec 1951 00:00:00 +0530 Thu, 22 Nov 2018 10:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277016 Income from a new partnership venture was treated as Hindu undivided family income where the Tribunal found that the venture was financed entirely from joint family funds, the partners were family members representing the two family branches, no personal funds were invested, and goods were supplied from the family business without commission. On those factual findings, the members who executed the partnership were regarded as acting for the family rather than in their individual capacities, and the profits were attributed to the family. The question of any personal right to represent the family was treated as immaterial in light of the proven use of joint family resources. Case-Laws Income Tax Thu, 20 Dec 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277016