https://www.taxtmi.com/caselaws?id=26266 The court directed the Income-tax Appellate Tribunal to refer the question of law regarding the classification of M/s. Ratnalaya as an industrial undertaking and the assessee's entitlement to exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for further consideration. The court emphasized the importance of a detailed examination of the facts and legal provisions in determining the applicability of exemption provisions, allowing the reference application and highlighting the need for a comprehensive assessment. en-us Mon, 09 Dec 1985 00:00:00 +0530 Wed, 03 Feb 2010 17:40:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26266 The court directed the Income-tax Appellate Tribunal to refer the question of law regarding the classification of M/s. Ratnalaya as an industrial undertaking and the assessee's entitlement to exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for further consideration. The court emphasized the importance of a detailed examination of the facts and legal provisions in determining the applicability of exemption provisions, allowing the reference application and highlighting the need for a comprehensive assessment. Case-Laws Wealth-tax Mon, 09 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26266