https://www.taxtmi.com/caselaws?id=67362 A publisher who gets books printed through another press may still be treated as carrying on a manufacturing or processing business for wealth-tax relief, even without owning or operating a press. The Tribunal accepted that direct ownership of printing facilities was not necessary where the publishing activity involved arranging the production of books through third parties, and it relied on the relevant Board circular adopting that view. On that basis, the Wealth-tax Officer was directed to recompute the capital invested in the manufacturing business and allow the exemption available under the statute. en-us Thu, 08 Sep 1983 00:00:00 +0530 Thu, 10 Mar 2011 12:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67362 A publisher who gets books printed through another press may still be treated as carrying on a manufacturing or processing business for wealth-tax relief, even without owning or operating a press. The Tribunal accepted that direct ownership of printing facilities was not necessary where the publishing activity involved arranging the production of books through third parties, and it relied on the relevant Board circular adopting that view. On that basis, the Wealth-tax Officer was directed to recompute the capital invested in the manufacturing business and allow the exemption available under the statute. Case-Laws Wealth-tax Thu, 08 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67362