https://www.taxtmi.com/caselaws?id=60263 An association comprising juristic persons was treated as an "individual" for wealth-tax purposes, so its objection to chargeability failed. Exemption under section 5(1)(i) depended on the association's objects and the actual application of its funds; because the lower authorities had not properly examined its activities, receipts, fund utilisation, or dissolution provisions, the exemption question was remanded for fresh factual inquiry. The claim for deduction of liabilities was also left for reconsideration in the reassessment proceedings because it had not been reasoned through below. en-us Fri, 21 Oct 1983 00:00:00 +0530 Tue, 04 Jan 2011 14:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60263 An association comprising juristic persons was treated as an "individual" for wealth-tax purposes, so its objection to chargeability failed. Exemption under section 5(1)(i) depended on the association's objects and the actual application of its funds; because the lower authorities had not properly examined its activities, receipts, fund utilisation, or dissolution provisions, the exemption question was remanded for fresh factual inquiry. The claim for deduction of liabilities was also left for reconsideration in the reassessment proceedings because it had not been reasoned through below. Case-Laws Wealth-tax Fri, 21 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60263