https://www.taxtmi.com/caselaws?id=19455 The High Court ruled in favor of the Revenue, determining that the salary income received by the individual from the company should be assessed as individual income and not as income of the Hindu undivided family. The Court emphasized that the income was earned for services rendered as a director and was not related to the family's shareholding. It rejected the argument of diversion of income by overriding title, clarifying that the salary income rightfully belonged to the individual. The judgment underscored the distinction between individual and family income for tax assessment purposes. en-us Thu, 17 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19455 The High Court ruled in favor of the Revenue, determining that the salary income received by the individual from the company should be assessed as individual income and not as income of the Hindu undivided family. The Court emphasized that the income was earned for services rendered as a director and was not related to the family's shareholding. It rejected the argument of diversion of income by overriding title, clarifying that the salary income rightfully belonged to the individual. The judgment underscored the distinction between individual and family income for tax assessment purposes. Case-Laws Income Tax Thu, 17 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19455