1986 (7) TMI 40

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.... association was established in the year 1930 and is registered with the Charity Commissioner under the Bombay Public Trusts Act, 1950. The petitioner is also registered under the Societies Registration Act. The membership of the petitioner association is open to clubs who take interest in the game of cricket. The Commissioner of Income-tax has issued a certificate under section 80G of the Income-....

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....d on May 3, 1982, pointing out that the petitioner was not an assessee as contemplated under section 3 of the Wealth-tax Act. The petitioner also pointed out that in accordance with the provisions of section 5(1)(i) of the Wealth-tax Act, wealth-tax was not payable by the petitioner in respect of the properties held by the petitioner. The petitioner did not receive any positive response from the W....

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....sessee. Shri Dastur submits that the Commissioner of Income-tax has issued a certificate under section 80G of the Income-tax Act declaring that the petitioner is an institution established for a charitable purpose. The aims and objects of the petitioner are public purposes of a charitable nature and the petitioner is also registered under the Bombay Public Trusts Act and the Societies Registration....

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....view of the two decisions of the Division Bench of this court in Orient Club v. CWT[1982] 136 ITR 697 and Willingdon Sports Club v. C. B. Patil, 3rd Addl. WTO [1982] 137 ITR 83. Shri Parekh, learned counsel appearing for the Revenue, submitted that the Madras High Court did not agree with the view of the Division Bench of this court. In my judgment, that makes little difference as I am bound by th....