https://www.taxtmi.com/caselaws?id=15515 The High Court held that the salary paid to a partner in a firm, acting as the karta of a Hindu undivided family, for personal services rendered in managing the business is considered individual income and not assessable as income of the joint family. The court found that the salary was not directly linked to the family's investments and was based on the partner's personal exertion. Therefore, the salary income was deemed to be the individual income of the partner, upholding the Tribunal's decision and ruling in favor of the assessee, rejecting the Revenue's appeal. en-us Thu, 06 Nov 1997 00:00:00 +0530 Tue, 25 Aug 2009 16:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15515 The High Court held that the salary paid to a partner in a firm, acting as the karta of a Hindu undivided family, for personal services rendered in managing the business is considered individual income and not assessable as income of the joint family. The court found that the salary was not directly linked to the family's investments and was based on the partner's personal exertion. Therefore, the salary income was deemed to be the individual income of the partner, upholding the Tribunal's decision and ruling in favor of the assessee, rejecting the Revenue's appeal. Case-Laws Income Tax Thu, 06 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15515