https://www.taxtmi.com/caselaws?id=37500 Remuneration and director's fees received by a karta are assessed in the hands of the Hindu undivided family only if the receipt is, in substance, a return on family investment or attributable to family funds. Where the payment is compensation for the coparcener's personal services, it is individual income even though the family holds shares in the company. On the stated facts, there was no evidence that the karta acted or was appointed on behalf of the family, no detriment to family property, and no direct link between the shareholding and the appointment or remuneration; the income was therefore taxable in the karta's personal hands. en-us Wed, 23 Nov 1977 00:00:00 +0530 Tue, 30 Mar 2010 11:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37500 Remuneration and director's fees received by a karta are assessed in the hands of the Hindu undivided family only if the receipt is, in substance, a return on family investment or attributable to family funds. Where the payment is compensation for the coparcener's personal services, it is individual income even though the family holds shares in the company. On the stated facts, there was no evidence that the karta acted or was appointed on behalf of the family, no detriment to family property, and no direct link between the shareholding and the appointment or remuneration; the income was therefore taxable in the karta's personal hands. Case-Laws Income Tax Wed, 23 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37500