https://www.taxtmi.com/caselaws?id=38831 Remuneration, bonus and sitting fees received by a coparcener as a director were assessed by their real character: if the receipt was a return on the Hindu undivided family's investment, it would belong to the family, but if it was compensation for personal services, it would be the coparcener's individual income. On the facts, the company was not promoted by the assessee, the family held only a minority stake, and the directorship was obtained because of the assessee's own experience and qualifications in the cotton business. The receipts were therefore treated as individual income, not HUF income. en-us Wed, 10 Dec 1975 00:00:00 +0530 Fri, 09 Apr 2010 12:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38831 Remuneration, bonus and sitting fees received by a coparcener as a director were assessed by their real character: if the receipt was a return on the Hindu undivided family's investment, it would belong to the family, but if it was compensation for personal services, it would be the coparcener's individual income. On the facts, the company was not promoted by the assessee, the family held only a minority stake, and the directorship was obtained because of the assessee's own experience and qualifications in the cotton business. The receipts were therefore treated as individual income, not HUF income. Case-Laws Income Tax Wed, 10 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38831