Supreme Court · 2020 INSC 536 · Decided 8 September 2020
M/S Bangalore Club v. The Commissioner of Wealth Tax & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 536 · [2020] 13 S.C.R. 488
- Case number
- CIVIL APPEAL No. 3964/2007
- Decided
- 8 September 2020
- Bench
- R.F. NARIMAN, NAVIN SINHA, INDIRA BANERJEE (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(31), 167A
Headnote
Wealth Tax Act, 1957 - ss.3, 21AA - Liability of Bangalore Club to pay wealth tax - Assessing Officer held that Club was liable to be taxed under 1957 Act - Appeal dismissed by CIT (Appeals) - Appellate Tribunal of the Assessing Officer and CIT (Appeals) - High Court decided in favour of revenue - Review Petition dismissed - Held: s.21AA was introduced in order to prevent tax evasion - It was enacted not to rope in association of persons per se as "one more taxable
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