https://www.taxtmi.com/highlights?id=54732 Wealth Tax Liability - Whether Club can be treated as "Association of Person"? - Section 21AA has been introduced in order to prevent tax evasion - The Bangalore Club is an association of persons and not the creation, by a person who is otherwise assessable, of one among a large number of associations of persons without defining the shares of the members so as to escape tax liability. - It is clear that Section 21AA of the Wealth Tax Act does not get attracted to the facts of the present case. - SC en-us Sat, 12 Sep 2020 14:16:04 +0530 Sat, 12 Sep 2020 14:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54732 Wealth Tax Liability - Whether Club can be treated as "Association of Person"? - Section 21AA has been introduced in order to prevent tax evasion - The Bangalore Club is an association of persons and not the creation, by a person who is otherwise assessable, of one among a large number of associations of persons without defining the shares of the members so as to escape tax liability. - It is clear that Section 21AA of the Wealth Tax Act does not get attracted to the facts of the present case. - SC Highlights Wealth-tax Sat, 12 Sep 2020 14:16:04 +0530 https://www.taxtmi.com/highlights?id=54732