https://www.taxtmi.com/caselaws?id=57383 A mutual club association was treated as an association of persons, not as an individual or a trust, for wealth-tax purposes. Section 3 of the Wealth-tax Act, 1957 charges only individuals and Hindu undivided families, so an association of persons is not assessable unless expressly brought within the charging provision. The text also notes that the facts did not support a trust: there was no settlement or deed creating a trust and no trustees were constituted. Authorities relied on by the Revenue were distinguished on their facts, while the club arrangement considered by the appellate authority was treated as directly applicable. en-us Wed, 29 Feb 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57383 A mutual club association was treated as an association of persons, not as an individual or a trust, for wealth-tax purposes. Section 3 of the Wealth-tax Act, 1957 charges only individuals and Hindu undivided families, so an association of persons is not assessable unless expressly brought within the charging provision. The text also notes that the facts did not support a trust: there was no settlement or deed creating a trust and no trustees were constituted. Authorities relied on by the Revenue were distinguished on their facts, while the club arrangement considered by the appellate authority was treated as directly applicable. Case-Laws Wealth-tax Wed, 29 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57383