1973 (5) TMI 21 - HC - Income Tax

Remuneration received by karta as director of a company - 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 ?

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to determine if the salary received by the assessee was the income of the Hindu joint family or his individual income based on the nature and extent of services rendered by the assessee to the company. The Tribunal was instructed to submit a supplementary statement of the case within 3 months. (Case Citation: 1973 (5) TMI 21 - Allahabad High Court)