https://www.taxtmi.com/caselaws?id=70253 A registered trade union is treated as a body corporate under the Indian Trade Unions Act, 1926, with separate legal existence, perpetual succession, a common seal, and capacity to hold property and sue or be sued in its own name. On that statutory scheme, the term "individual" in the Wealth-tax Act, 1957 is used in a broad charging sense and is not confined to natural persons. A trade union is therefore not excluded from that expression and is chargeable to wealth-tax in the status of an individual. en-us Sat, 24 Mar 1984 00:00:00 +0530 Fri, 15 Apr 2011 10:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70253 A registered trade union is treated as a body corporate under the Indian Trade Unions Act, 1926, with separate legal existence, perpetual succession, a common seal, and capacity to hold property and sue or be sued in its own name. On that statutory scheme, the term "individual" in the Wealth-tax Act, 1957 is used in a broad charging sense and is not confined to natural persons. A trade union is therefore not excluded from that expression and is 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=70253