https://www.taxtmi.com/caselaws?id=305691 Remuneration earned under a managing agency created for joint family benefit constitutes joint family property where the agency arrangement, family accounts and tax treatment show that the receipts arose from a pre-existing family asset. Conversely, managing-director remuneration received after disruption of the joint family and termination of the managing agency is personal income when it is paid for the individual's services rather than derived from family funds or rights. Shares acquired with, or traced to, joint family funds retain their joint family character; shares acquired after disruption without proof of such funding do not. Family cash was adjusted in the final decree, while claims concerning ornaments, jewellery and utensils failed for lack of proof. en-us Mon, 30 Sep 1985 00:00:00 +0530 Tue, 20 Dec 2022 10:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305691 Remuneration earned under a managing agency created for joint family benefit constitutes joint family property where the agency arrangement, family accounts and tax treatment show that the receipts arose from a pre-existing family asset. Conversely, managing-director remuneration received after disruption of the joint family and termination of the managing agency is personal income when it is paid for the individual's services rather than derived from family funds or rights. Shares acquired with, or traced to, joint family funds retain their joint family character; shares acquired after disruption without proof of such funding do not. Family cash was adjusted in the final decree, while claims concerning ornaments, jewellery and utensils failed for lack of proof. Case-Laws Indian Laws Mon, 30 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305691