https://www.taxtmi.com/caselaws?id=18392 Where remuneration received by a karta is attributable to the investment of Hindu undivided family funds, it is taxable as family income even if personal service also contributes. The Delhi HC noted that the company was floated with family funds, the karta contributed nothing personally, and the remuneration had consistently been treated as family income. Applying the principle that income earned with the aid of family assets belongs to the HUF, the remuneration was assessable in the hands of the assessee-HUF and the reference was answered in favour of the Revenue. en-us Thu, 25 Aug 1994 00:00:00 +0530 Wed, 30 Sep 2009 16:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18392 Where remuneration received by a karta is attributable to the investment of Hindu undivided family funds, it is taxable as family income even if personal service also contributes. The Delhi HC noted that the company was floated with family funds, the karta contributed nothing personally, and the remuneration had consistently been treated as family income. Applying the principle that income earned with the aid of family assets belongs to the HUF, the remuneration was assessable in the hands of the assessee-HUF and the reference was answered in favour of the Revenue. Case-Laws Income Tax Thu, 25 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18392