https://www.taxtmi.com/caselaws?id=69957 A registered trade union constituted as a body corporate under the Indian Trade Unions Act, 1926 is within the wide charging meaning of "individual" under the Wealth-tax Act, 1957. The term is not confined to a natural person and may extend to a juristic person or corporate unit with independent legal existence. Because the union has perpetual succession, a common seal and capacity to hold property, it is treated as an independent juridical entity rather than a mere association, and is therefore chargeable to wealth-tax in the status of an individual. en-us Sat, 24 Mar 1984 00:00:00 +0530 Wed, 13 Apr 2011 10:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69957 A registered trade union constituted as a body corporate under the Indian Trade Unions Act, 1926 is within the wide charging meaning of "individual" under the Wealth-tax Act, 1957. The term is not confined to a natural person and may extend to a juristic person or corporate unit with independent legal existence. Because the union has perpetual succession, a common seal and capacity to hold property, it is treated as an independent juridical entity rather than a mere association, and is therefore chargeable to wealth-tax in the status of an individual. Case-Laws Wealth-tax Sat, 24 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69957