1973 (5) TMI 21

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....(1) of the Income-tax Act, 1961, seeking the opinion of this court on the following question : "Whether the Tribunal, on the facts and in the circumstances of the case, was right in holding that the salary received by the assessee was the income of the Hindu joint family of which the assessee was the karta, and not his individual income ? " After hearing the learned counsel for the parties w....

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....ed question of fact and law. The fact that the assessee acquired the shares which qualified him to become a director out of the joint family funds is not decisive nor is the fact decisive that there is a provision in the articles of association authorising such payments. The answer to the question would depend on the nature and extent of services rendered by the assessee to the company, namely, as....