https://www.taxtmi.com/caselaws?id=39251 The High Court determined that the managing director's remuneration received by Hari Krishna was his individual income and not taxable in the hands of the Hindu undivided family. The court found that the remuneration was a return for services rendered by Hari Krishna and not a return on family funds' investment. The decision was based on established legal principles and factual circumstances, ultimately ruling in favor of the assessee and awarding costs accordingly. en-us Tue, 14 May 1974 00:00:00 +0530 Wed, 14 Apr 2010 10:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39251 The High Court determined that the managing director's remuneration received by Hari Krishna was his individual income and not taxable in the hands of the Hindu undivided family. The court found that the remuneration was a return for services rendered by Hari Krishna and not a return on family funds' investment. The decision was based on established legal principles and factual circumstances, ultimately ruling in favor of the assessee and awarding costs accordingly. Case-Laws Income Tax Tue, 14 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39251