Liability of Bangalore Club to pay wealth tax and Sir Winston Churchill's unpaid Rs 13 bill: What the Supreme Court held

This judgment notes that Sir Winston Churchill, long before becoming the Prime Minister of Great Britain, was one of the people to feature on the list of defaulters at the Bangalore Club.
Bangalore Club
Bangalore Club

The Supreme Court on Tuesday held that the Bangalore Club is not liable to pay wealth tax under the Wealth Tax Act, thereby setting aside the decision of the Karnataka High Court (Bangalore Club v. Commissioner of Wealth Tax & Anr).

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