https://www.taxtmi.com/caselaws?id=56461 The tribunal found that the association's members' shares were determinate and known, as per the association's constitution. As a result, Section 21AA of the Wealth Tax Act, 1957, was deemed inapplicable. The appeals were allowed, overturning the decisions of the Wealth Tax Officer and Commissioner of Wealth Tax (Appeals). The association was not liable for wealth tax under Section 21AA. en-us Tue, 02 May 2000 00:00:00 +0530 Fri, 03 Dec 2010 17:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56461 The tribunal found that the association's members' shares were determinate and known, as per the association's constitution. As a result, Section 21AA of the Wealth Tax Act, 1957, was deemed inapplicable. The appeals were allowed, overturning the decisions of the Wealth Tax Officer and Commissioner of Wealth Tax (Appeals). The association was not liable for wealth tax under Section 21AA. Case-Laws Wealth-tax Tue, 02 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56461