https://www.taxtmi.com/caselaws?id=26642 The court ruled that the salary received by a partner in a firm, representing the Hindu undivided family as its karta, should be assessed as the individual's income and not included in the family's profits. The court determined that the partnership terms did not involve capital contribution by partners, with family funds provided as a loan with interest. Previous cases linking family funds directly to the salary were distinguished, and the court upheld individual income attribution based on the lack of substantial connection between family funds and remuneration. The petition was dismissed, aligning with Supreme Court decisions on income attribution. en-us Tue, 14 Jan 1986 00:00:00 +0530 Sat, 06 Feb 2010 15:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26642 The court ruled that the salary received by a partner in a firm, representing the Hindu undivided family as its karta, should be assessed as the individual's income and not included in the family's profits. The court determined that the partnership terms did not involve capital contribution by partners, with family funds provided as a loan with interest. Previous cases linking family funds directly to the salary were distinguished, and the court upheld individual income attribution based on the lack of substantial connection between family funds and remuneration. The petition was dismissed, aligning with Supreme Court decisions on income attribution. Case-Laws Income Tax Tue, 14 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26642