https://www.taxtmi.com/caselaws?id=36879 The court concluded that the income from the new business started by the sons using funds withdrawn from the Hindu undivided family (HUF) should be attributed to the family. The judgment emphasized the significance of family funds' contribution to the business, lack of specialized skills of coparceners, and protection of family interests in determining ownership of business income within the HUF context. The court found that the business income from the partnership belonged to the HUF, highlighting the importance of considering various factors in such cases. en-us Mon, 19 Nov 1979 00:00:00 +0530 Thu, 25 Mar 2010 11:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36879 The court concluded that the income from the new business started by the sons using funds withdrawn from the Hindu undivided family (HUF) should be attributed to the family. The judgment emphasized the significance of family funds' contribution to the business, lack of specialized skills of coparceners, and protection of family interests in determining ownership of business income within the HUF context. The court found that the business income from the partnership belonged to the HUF, highlighting the importance of considering various factors in such cases. Case-Laws Income Tax Mon, 19 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36879