https://www.taxtmi.com/caselaws?id=305691 This matter addresses characterization and division of family assets: the Court applied tests distinguishing returns on family investment from compensation for personal services and held remunerations under the managing agency agreement were attributable to the joint family and subject to account and division (each branch one-third), while post-termination managing director remuneration was personal income. The Court found 408 shares acquired from joint family funds and directed equal division into three lots of 136 shares, fixed a monetary adjustment in the decree, and declared movables in possession to belong to present holders. 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 This matter addresses characterization and division of family assets: the Court applied tests distinguishing returns on family investment from compensation for personal services and held remunerations under the managing agency agreement were attributable to the joint family and subject to account and division (each branch one-third), while post-termination managing director remuneration was personal income. The Court found 408 shares acquired from joint family funds and directed equal division into three lots of 136 shares, fixed a monetary adjustment in the decree, and declared movables in possession to belong to present holders. Case-Laws Indian Laws Mon, 30 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305691