https://www.taxtmi.com/caselaws?id=58361 The Tribunal upheld the decision that the remuneration received by the assessee as a managing director should be assessed in his individual capacity, not as the karta of the HUF. The Tribunal considered the nature of the remuneration primarily for personal services rendered by the assessee, rather than a return on HUF investments, based on the Supreme Court test in Raj Kumar Singh. Factors such as the service agreement, role and responsibilities of the assessee, and the proportion of HUF investments to total capital supported this conclusion. The Tribunal's decision aligned with the Commissioner (Appeals) and rejected the argument for taxing the remuneration in the hands of the HUF. en-us Fri, 07 Aug 1981 00:00:00 +0530 Sat, 18 Dec 2010 16:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58361 The Tribunal upheld the decision that the remuneration received by the assessee as a managing director should be assessed in his individual capacity, not as the karta of the HUF. The Tribunal considered the nature of the remuneration primarily for personal services rendered by the assessee, rather than a return on HUF investments, based on the Supreme Court test in Raj Kumar Singh. Factors such as the service agreement, role and responsibilities of the assessee, and the proportion of HUF investments to total capital supported this conclusion. The Tribunal's decision aligned with the Commissioner (Appeals) and rejected the argument for taxing the remuneration in the hands of the HUF. Case-Laws Income Tax Fri, 07 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58361