Full Bench of Supreme Court while setting aside the order of the Karnataka High Court Ruled that the Bangalore Club is an association of persons and not the creation, by a person who is otherwise assessable, of one among a large number of associations of persons without defining the shares of the members so as to escape tax liability. For all these reasons, it is clear that Section 21AA of the Wealth Tax Act does not get attracted to the facts of the present case.

NAME		MOBILE NO.	E-MAIL I’D
RANJEET KUMAR		8383098478, 9667769795	rk@courtkutchehry.com
JAI THAKUR		8130703334, 9355723300	jai.thakur@courtkutchehry.com
RAJEEV RANJAN		9334553249	rajiv.ranjan@courtkutchehry.com
ASHOK MISHRA		9718327746	sales@courtkutchehry.com
RAVI KUMAR			ravi.singh@courtkutchehry.com

M/S Bangalore Club Vs. Commissioner Of Wealth Tax & Anr., (2020) 09 SC CK 0013

(FullBench of Supreme Court while setting aside the order of the Karnataka HighCourt Ruled that the Bangalore Club is an association of persons and not thecreation, by a person who is otherwise assessable, of one among a large numberof associations of persons without defining the shares of the members so as toescape tax liability. For all these reasons, it is clear that Section 21AA ofthe Wealth Tax Act does not get attracted to the facts of the present case.)