https://www.taxtmi.com/caselaws?id=22483 The High Court of Andhra Pradesh ruled that a club registered under the Societies Registration Act is not liable for wealth tax assessment under section 21AA of the Wealth-tax Act, 1957. The court determined that individual members of the club do not hold shares in the income or assets of the club, as per the nature of clubs as associations of persons. The court emphasized that members of clubs do not have any share in the income or assets of the association, distinguishing them from associations of persons engaged in income-producing activities. en-us Mon, 11 Sep 1989 00:00:00 +0530 Thu, 10 Dec 2009 13:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22483 The High Court of Andhra Pradesh ruled that a club registered under the Societies Registration Act is not liable for wealth tax assessment under section 21AA of the Wealth-tax Act, 1957. The court determined that individual members of the club do not hold shares in the income or assets of the club, as per the nature of clubs as associations of persons. The court emphasized that members of clubs do not have any share in the income or assets of the association, distinguishing them from associations of persons engaged in income-producing activities. Case-Laws Wealth-tax Mon, 11 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22483