https://www.taxtmi.com/caselaws?id=49592 Where remuneration for a managing directorship arose from promotion, acquisition and financing effected with joint family funds and shares/dividends were family property, the remuneration was treated as income of the Hindu undivided family rather than of the karta personally. The legal principle applied distinguishes earnings independently earned from income produced by use of joint family property: where family funds or property enable acquisition of a management position or qualification yielding earnings, those earnings are attributable to the family. The effect is that the whole remuneration is assessable to the Hindu undivided family. en-us Fri, 15 May 1959 00:00:00 +0530 Thu, 04 Sep 2014 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49592 Where remuneration for a managing directorship arose from promotion, acquisition and financing effected with joint family funds and shares/dividends were family property, the remuneration was treated as income of the Hindu undivided family rather than of the karta personally. The legal principle applied distinguishes earnings independently earned from income produced by use of joint family property: where family funds or property enable acquisition of a management position or qualification yielding earnings, those earnings are attributable to the family. The effect is that the whole remuneration is assessable to the Hindu undivided family. Case-Laws Income Tax Fri, 15 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49592