https://www.taxtmi.com/caselaws?id=16680 The case involved a partnership firm seeking exemption as an industrial undertaking under section 5(1)(xxxii) of the Wealth-tax Act. Initially granted by the Wealth-tax Officer, the exemption was later contested by the Commissioner of Income-tax. The Tribunal ultimately upheld the exemption, emphasizing the firm's direct involvement in manufacturing activities through control over an outside agency ginning cotton. The court highlighted the importance of assessing control to determine manufacturing engagement, directing further examination to establish the extent of control exercised by the assessee over the agency in the manufacturing process. en-us Thu, 25 Jul 1996 00:00:00 +0530 Wed, 09 Sep 2009 13:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16680 The case involved a partnership firm seeking exemption as an industrial undertaking under section 5(1)(xxxii) of the Wealth-tax Act. Initially granted by the Wealth-tax Officer, the exemption was later contested by the Commissioner of Income-tax. The Tribunal ultimately upheld the exemption, emphasizing the firm's direct involvement in manufacturing activities through control over an outside agency ginning cotton. The court highlighted the importance of assessing control to determine manufacturing engagement, directing further examination to establish the extent of control exercised by the assessee over the agency in the manufacturing process. Case-Laws Wealth-tax Thu, 25 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16680