https://www.taxtmi.com/caselaws?id=28538 The court ruled in favor of the assessee in the second case, allowing exemption under Section 5(1)(xxxi) of the Wealth-tax Act, 1957, as the assessee met the criteria for owning an industrial undertaking through active engagement in salt manufacturing. However, in the first case, the court denied exemption as the manufacturing activity was conducted by the lessee, not the assessee. The judgments were delivered without costs awarded in either case. en-us Mon, 24 Jan 1983 00:00:00 +0530 Tue, 23 Feb 2010 15:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28538 The court ruled in favor of the assessee in the second case, allowing exemption under Section 5(1)(xxxi) of the Wealth-tax Act, 1957, as the assessee met the criteria for owning an industrial undertaking through active engagement in salt manufacturing. However, in the first case, the court denied exemption as the manufacturing activity was conducted by the lessee, not the assessee. The judgments were delivered without costs awarded in either case. Case-Laws Wealth-tax Mon, 24 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28538