1985 (2) TMI 19

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....ssessee in these petitions under section 27(3) of the Wealth-tax Act seeks a direction to refer the following two questions for the opinion of this court: "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that since the assessee-association is an independent juristic entity, it ceases to be an association of persons and that it has to be assessed....

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....As against the said order, the Revenue went before the Tribunal. Later, the Wealth-tax Officer made assessment on the assessee under the Wealth-tax Act in the status of an individual. The said order was again challenged, but the Tribunal has upheld the validity of the said assessment in the status of an individual on the ground that the definition " individual " occurring in the Act will take in a....