https://www.taxtmi.com/caselaws?id=20440 Remuneration and sitting fees received by a coparcener are characterised by their real source and purpose: where the receipt is substantially attributable to family funds invested in the business, it is treated as Hindu undivided family income, but where it is genuinely paid for personal services, it remains the coparcener's individual income. Incidental service or the fact that the opportunity arose through family connection or qualification shares does not change the character of a payment that is, in substance, consideration for individual service. On the stated facts, the remuneration and sitting fees were treated as the coparcener's individual income, not HUF income. en-us Thu, 26 Aug 1993 00:00:00 +0530 Sat, 14 Nov 2009 10:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20440 Remuneration and sitting fees received by a coparcener are characterised by their real source and purpose: where the receipt is substantially attributable to family funds invested in the business, it is treated as Hindu undivided family income, but where it is genuinely paid for personal services, it remains the coparcener's individual income. Incidental service or the fact that the opportunity arose through family connection or qualification shares does not change the character of a payment that is, in substance, consideration for individual service. On the stated facts, the remuneration and sitting fees were treated as the coparcener's individual income, not HUF income. Case-Laws Income Tax Thu, 26 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20440