The Wealth Tax Officer rejected the claim of the assessee.
J U D G M E N T The following Judgment of the Court was delivered WITH C.A. Nos.
2490/84, C.A.Nos.
The Appellate Assistant Commissioner was of the view that the assessee companyld number be brought to tax under the Act because of the earlier decision of Gujarat High Court in the case of Orient Club v. Wealth Tax Officer, 123 ITR 395.
The assessee is a club.
7246 7250/97, C.A.Nos.2366 2375/94, SLP C Nos.
16259 16275/94 with C.A. No.658/93 with C.A. Nos.
4674/95, 2517/96, 9096/96, 3532 38/88, SLP Nos.
7420 22 of 1997 SLP C Nos.
It filed its return of wealth being called upon to do so for the aforesaid assessment years but companytended that it was number liable to be assessed under the Wealth Tax Act, 1957 at all.
4658 60/1990 J U D G M E N T SEN, J. This is an appeal from an order passed by the High Court of Gujarat in which following question of law was answered in the affirmative and in favour of the assessee Whether on the facts and in the circumstance of the case, the Appellate Tribunal has been right in law in holding that the assessee is number liable to Wealth Tax under Wealth tax Act, 1957 for the assessment year in question?
with them for the appearing parties.
3210 14/88, 1544/93, 1649/93, 5340 48/93, 5393/94, 948/95, 8347/95, 1796 1799/96, SLP C Nos.
The assessment years involved are 1970 71 to 1977 78.
