https://www.taxtmi.com/caselaws?id=277105 Income earned under the managing agency agreement was held to belong to the individual partners, not the Hindu undivided family, because the agreement and surrounding circumstances showed the business arrangement was entered into by the partnership. The principle applied was that income earned by partners does not become joint family income unless there is a clear act of blending it with the family estate and throwing it into the common stock. Prior treatment of the receipts as family income could not change their true character, and the joint family's disability under company law did not convert the commission into family income. en-us Wed, 09 Apr 1952 00:00:00 +0530 Sat, 24 Nov 2018 12:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277105 Income earned under the managing agency agreement was held to belong to the individual partners, not the Hindu undivided family, because the agreement and surrounding circumstances showed the business arrangement was entered into by the partnership. The principle applied was that income earned by partners does not become joint family income unless there is a clear act of blending it with the family estate and throwing it into the common stock. Prior treatment of the receipts as family income could not change their true character, and the joint family's disability under company law did not convert the commission into family income. Case-Laws Income Tax Wed, 09 Apr 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277105