Supreme Court · 1970 INSC 151 · Decided 11 August 1970
Raj Kumar Singh Hukam Chandji v. Commissioner of Income-Tax MADHYA. Pradesh
- Court
- Supreme Court of India
- Citation
- 1970 INSC 151 · [1971] 1 S.C.R. 748
- Case number
- CIVIL APPEAL No. 326/1967
- Decided
- 11 August 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
SINGH HUKAM CHANDJI v. COMMISSIONER OF INCOME-TAX MADHYA. PRADESH August 11, 1970 [J. C. SHAH, K. S. HEGDE AND A. N. GROVER, JJ.J Indian Income-tax Act (ll of 1922)_.;_Remuneration as Managing Director-Whether assessable as income of individual or of Hindu un· divided family. A Hindu for all these subsequent acquisitions was from the Hindu undivided family funds. All the shares-the previous and subsequent acquisition-were treated in the books and the balance shee of the assessee family as its property and its dividends were also credited to the account of the
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