Allahabad High Court: Biri-making qualifies as manufacturing under Wealth-tax Act

The High Court of Allahabad ruled in favor of the assessee, holding that the preparation of biris from tendu leaves and tobacco falls under 'manufacturing or processing of goods' as per section 5(1)(xxxii) of the Wealth-tax Act, 1957. The court deemed this activity as an industrial undertaking, aligning with past precedents, and did not award any costs.

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The High Court of Allahabad ruled in favor of the assessee, stating that the preparation of biris from tendu leaves and tobacco constitutes 'manufacturing or processing of goods' under section 5(1)(xxxii) of the Wealth-tax Act, 1957. The court also held that this activity qualifies as an industrial undertaking. The judgment is based on previous decisions and no costs were awarded.

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