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    <title>1965 (12) TMI 40 - Supreme Court</title>
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    <description>A reference under section 66(2) of the Indian Income-tax Act, 1922 may properly be refused when the proposed question is already concluded by binding Supreme Court authority and is therefore academic. The text also states that where a karta enters a partnership on behalf of a Hindu undivided family and the allowance is obtained through the use of joint family funds, the receipt is not a personal emolument. It is treated as family income when it is directly traceable to the family&#039;s contribution and inseparably connected with the partnership arrangement.</description>
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    <pubDate>Thu, 09 Dec 1965 00:00:00 +0530</pubDate>
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      <title>1965 (12) TMI 40 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=49264</link>
      <description>A reference under section 66(2) of the Indian Income-tax Act, 1922 may properly be refused when the proposed question is already concluded by binding Supreme Court authority and is therefore academic. The text also states that where a karta enters a partnership on behalf of a Hindu undivided family and the allowance is obtained through the use of joint family funds, the receipt is not a personal emolument. It is treated as family income when it is directly traceable to the family&#039;s contribution and inseparably connected with the partnership arrangement.</description>
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      <pubDate>Thu, 09 Dec 1965 00:00:00 +0530</pubDate>
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