https://www.taxtmi.com/caselaws?id=26878 The term "individual" under the Wealth-tax Act was construed broadly to extend beyond a natural person and to cover a collective unit of persons with a common aim, joint interest and ownership of property. On that construction, a trade union registered under the Indian Trade Unions Act could be assessed to wealth-tax in the status of an individual. The article also notes that where the point was already governed by binding Division Bench precedent of the same High Court, no reference under section 27(3) was warranted, and the assessee's reference petitions were rejected. en-us Tue, 26 Feb 1985 00:00:00 +0530 Tue, 09 Feb 2010 10:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26878 The term "individual" under the Wealth-tax Act was construed broadly to extend beyond a natural person and to cover a collective unit of persons with a common aim, joint interest and ownership of property. On that construction, a trade union registered under the Indian Trade Unions Act could be assessed to wealth-tax in the status of an individual. The article also notes that where the point was already governed by binding Division Bench precedent of the same High Court, no reference under section 27(3) was warranted, and the assessee's reference petitions were rejected. Case-Laws Wealth-tax Tue, 26 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26878