1993 (8) TMI 60

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1) of the Income-tax Act, 1961 (herein after referred to as "the Act"), at the instance of the Revenue. The questions referred are as follows : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the remuneration and sitting fees paid to the assessee by Messrs. Thiru Arooran Sugars Limited, Messrs. Venkatesa Thyagaraja Limited and M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ration received by a coparcener is his individual income it is to be seen whether it will be remuneration received by the coparcener in substance though not in form, one of the modes of return made to the family because of the investment of the family funds in the business or whether it is compensation made for the services rendered by the individual coparcener and if it is the former, it is the i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X