https://www.taxtmi.com/caselaws?id=14309 A partner in a printing business was held entitled to exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 because the firm's activity amounted to processing of goods. The Tribunal treated printing work entrusted by customers, carried out under supervision to meet customer requirements, as processing of goods. On that basis, the assessee's interest in the firm fell within the statutory exemption. en-us Wed, 29 Nov 2000 00:00:00 +0530 Wed, 15 Jul 2009 11:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14309 A partner in a printing business was held entitled to exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 because the firm's activity amounted to processing of goods. The Tribunal treated printing work entrusted by customers, carried out under supervision to meet customer requirements, as processing of goods. On that basis, the assessee's interest in the firm fell within the statutory exemption. Case-Laws Wealth-tax Wed, 29 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14309