State Bank Of Travancore … vs Wealth-Tax Officer
The case raises an interesting legal question of whether a trade union is eligible to be assessed as an individual for wealth tax liability under the Indian Trade Unions Act 1926.
The petitioner appeals the high court challenging the decision of the tax departments. The court denies the appeal citing that a ‘body corporate’ such as the trade union has an independent legal existence and personality and is liable for wealth tax under the status of an ‘individual’
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Kerala High Court