https://www.taxtmi.com/caselaws?id=305691 Remuneration earned by a coparcener under a pre-existing managing agency arrangement entered into for the benefit of the joint family was treated as joint family income because it was linked to a family asset and was reflected in family accounts and tax returns. By contrast, remuneration received after the managing agency ended, on a later appointment as managing director following disruption of the joint family, was held to be personal income because it arose from individual services rather than a surviving family right. The article also notes that shares traced to joint family funds were family property, later shares without such proof were not, and no enforceable claim survived for ornaments, jewellery and utensils. 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 by a coparcener under a pre-existing managing agency arrangement entered into for the benefit of the joint family was treated as joint family income because it was linked to a family asset and was reflected in family accounts and tax returns. By contrast, remuneration received after the managing agency ended, on a later appointment as managing director following disruption of the joint family, was held to be personal income because it arose from individual services rather than a surviving family right. The article also notes that shares traced to joint family funds were family property, later shares without such proof were not, and no enforceable claim survived for ornaments, jewellery and utensils. Case-Laws Indian Laws Mon, 30 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305691