Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1951 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1951 (12) TMI 17 - HC - Income TaxExtract: .......sted from their personal Ramings but the entire funds were contributed by the two joint families. If the new venture made any profits, on these facts neither Amarnath nor Dina Nath could claim to keep the money as their own and refuse to part with it for the purposes of the joint family. Our answer to the question, therefore, is in the affirmative.
|