1993 (8) TMI 60 - HC - Income Tax

Summary

The High Court of Madras held that remuneration and sitting fees received by an individual from various companies are assessable in the individual's hands, not as income of the Hindu undivided family. The judgment was based on a previous decision regarding the character of the receipt, distinguishing between income earned from family funds and income earned for services rendered by the individual. The questions were answered in favor of the assessee, following the previous decision.