https://www.taxtmi.com/caselaws?id=36702 The High Court ruled in favor of the assessee, determining that the salaries received by the directors were not assessable as income of the Hindu undivided family (HUF). The Court found that the remuneration was for services rendered by the directors in their individual capacity, not to the detriment of the HUF, as dividends were being received on the shares. The decision aligned with the Supreme Court's principles, emphasizing that the remuneration was for special services based on the qualifications and technical knowledge of the directors. The Court also awarded costs to the assessee and indicated that the decision would apply to a related income tax reference case. en-us Fri, 02 May 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36702 The High Court ruled in favor of the assessee, determining that the salaries received by the directors were not assessable as income of the Hindu undivided family (HUF). The Court found that the remuneration was for services rendered by the directors in their individual capacity, not to the detriment of the HUF, as dividends were being received on the shares. The decision aligned with the Supreme Court's principles, emphasizing that the remuneration was for special services based on the qualifications and technical knowledge of the directors. The Court also awarded costs to the assessee and indicated that the decision would apply to a related income tax reference case. Case-Laws Income Tax Fri, 02 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36702