https://www.taxtmi.com/caselaws?id=19045 The Court allowed the assessee's exemption claim under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for the assessment years 1975-76 and 1976-77 regarding interests in assets of Ajantha Bleaching and Dyeing Works. It held that direct involvement in manufacturing is necessary for exemption and clarified criteria for an "industrial undertaking." The distinction between employer-employee relationships and independent contractors was emphasized, requiring control over work methods. The case was remitted for further investigation into the relationship of Onni Chettiar and Sons with laborers, with no cost order. en-us Thu, 24 Nov 1994 00:00:00 +0530 Tue, 03 Nov 2009 16:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19045 The Court allowed the assessee's exemption claim under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for the assessment years 1975-76 and 1976-77 regarding interests in assets of Ajantha Bleaching and Dyeing Works. It held that direct involvement in manufacturing is necessary for exemption and clarified criteria for an "industrial undertaking." The distinction between employer-employee relationships and independent contractors was emphasized, requiring control over work methods. The case was remitted for further investigation into the relationship of Onni Chettiar and Sons with laborers, with no cost order. Case-Laws Wealth-tax Thu, 24 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19045