Meaning of tax terms

Meaning of “Individuals – entry 86 of list i of the seventh schedule to the constitution”

Posted on by Prashant Thakur

Case Name : Banarsi Dass Vs. Wto

Citation :[1965] 56 ITR 224 (SC)

Court : Supreme Court

Section : 2(31)

Meaning : The word ‘individuals’ in entry 86 of list i of the seventh schedule to the constitution takes within its sweep groups of individuals like hufs.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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