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1978 (7) TMI 3 - SC - Income TaxThere was no question of any services being rendered by the three minors and, therefore, the share income received by them must, in substance, be regarded as a return made to the family because of the investment of family funds in the business. In our view, therefore, the taxing authorities as also the Tribunal and the High Court were right in assessing the said income in the hands of the Hindu undivided family-assessee.
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