1985 (10) TMI 35

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ranji Lal, is a Hindu undivided family concern. Darshan Kumar, one of the coparceners, entered into partnership agreement on May 1, 1967, with one Pashupati Nath to carry on business in sale of petroleum products, under the firm name Darshan Kumar and Co. The amounts of Rs. 905 and Rs. 10,413 received by way of profits from the said concern for the assessment years 1968-69 and 1971-72 were claimed....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of funds of the joint family in M/s. Darshan Kumar & Co. ? (b) Whether there was any nexus between the starting of the firm M/s. Darshan Kumar and Co., Jaitu, and investment of the appellant family funds in the said firm ? (c) Whether the income received by Shri Darshan Kumar from M/s. Darshan Kumar & Co., Jaitu, is his individual income or assessable in the hands of the appellant family ? ....