https://www.taxtmi.com/caselaws?id=29009 The High Court of Madras ruled in a case concerning the taxability of remuneration paid to the karta of a family by multiple companies. The court determined that the remuneration received was for services rendered as a managing director and should be assessed as individual income rather than income of the Hindu undivided family (HUF). The court upheld the Tribunal's decision to assess the remuneration in the hands of the individual, concluding that it was not linked to the family's investments but rather to personal services, thus favoring the assessee in assessing the remuneration as individual income. en-us Tue, 22 Sep 1981 00:00:00 +0530 Wed, 10 Mar 2010 11:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29009 The High Court of Madras ruled in a case concerning the taxability of remuneration paid to the karta of a family by multiple companies. The court determined that the remuneration received was for services rendered as a managing director and should be assessed as individual income rather than income of the Hindu undivided family (HUF). The court upheld the Tribunal's decision to assess the remuneration in the hands of the individual, concluding that it was not linked to the family's investments but rather to personal services, thus favoring the assessee in assessing the remuneration as individual income. Case-Laws Income Tax Tue, 22 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29009