https://www.taxtmi.com/caselaws?id=36198 Partnership law permits a person to participate in the same firm in separate legal capacities, including individually and as karta representing a Hindu undivided family, where the partnership is genuine, includes other partners, and satisfies registration conditions. The firm is therefore eligible for registration. Profit share received in the representative capacity belongs to and is assessable in the Hindu undivided family's hands, while the individual share is separately assessable in the person's individual capacity. Acceptance of separate capital contribution and representative status precludes clubbing the two income streams. en-us Tue, 30 Sep 1980 00:00:00 +0530 Sat, 20 Mar 2010 10:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36198 Partnership law permits a person to participate in the same firm in separate legal capacities, including individually and as karta representing a Hindu undivided family, where the partnership is genuine, includes other partners, and satisfies registration conditions. The firm is therefore eligible for registration. Profit share received in the representative capacity belongs to and is assessable in the Hindu undivided family's hands, while the individual share is separately assessable in the person's individual capacity. Acceptance of separate capital contribution and representative status precludes clubbing the two income streams. Case-Laws Income Tax Tue, 30 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36198