COMMISSIONER OF WEALTH TAX,GUJARAT-III, AHMEDABAD vs ELLIS BRIDGE GYMKHANA ETC. ETC.

The Supreme Court ruled that under Section 3 of the Wealth Tax Act, 1957, a club cannot be classified as an 'individual' for wealth tax purposes. The Court emphasized that a charging section must be interpreted strictly, and unless explicitly included, a person or entity cannot be taxed. The High Court's decision favoring the assessee was upheld, confirming that the club is not liable for wealth tax for the assessment years 1970-71 to 1977-78.