9911796707
TMI Blog1968 (7) TMI 46X X X X Extracts X X X X X X X X Extracts X X X X ..... ER. JUDGMENT The judgment of the court was delivered by SHAH J.-- By a deed dated August 26, 1957, thirteen persons agreed to carry on business in partnership in cardamoms, betel nuts, pepper and other condiments. G.V. Dhakappa, one of the partners, was appointed manager of the partnership on a remuneration of Rs. 500 per mensem. The firm was registered and the total share of profits al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e treated as income of the family. The Tribunal also agreed with that view. At the instance of the assessee the following question was referred by the Tribunal to the High Court of Mysore : " Whether, on the facts of this case, and having regard to section 10(4)(b) and section 16(1)(b) of the Income-tax Act, 1922, the salary paid as per clause 7 of annexure A is liable to be excluded from th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss with the assets of the Hindu undivided family. In V. D. Dhanwatey's case the court held that because there was real and sufficient connection between the joint family funds and the remuneration paid by the partnership to the manager of the joint Hindu undivided family, who was a partner, the remuneration was taxable as the income of the Hindu undivided family. In the present case there is no su ..... X X X X Extracts X X X X X X X X Extracts X X X X
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