https://www.taxtmi.com/caselaws?id=38448 The court held that the remuneration received by Dineshchandra from Panalal Silk Mills Private Ltd. was not assessable in the hands of the Hindu undivided family (HUF) but was deemed to be his individual income. The court applied various tests to determine the nature of the income and concluded that the remuneration was for personal services rendered by Dineshchandra and not a return on the HUF's investment. The decision favored the assessee, directing the Commissioner to bear the costs of the reference. en-us Thu, 28 Jul 1977 00:00:00 +0530 Sat, 18 Jun 2016 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38448 The court held that the remuneration received by Dineshchandra from Panalal Silk Mills Private Ltd. was not assessable in the hands of the Hindu undivided family (HUF) but was deemed to be his individual income. The court applied various tests to determine the nature of the income and concluded that the remuneration was for personal services rendered by Dineshchandra and not a return on the HUF's investment. The decision favored the assessee, directing the Commissioner to bear the costs of the reference. Case-Laws Income Tax Thu, 28 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38448