https://www.taxtmi.com/caselaws?id=39915 The Supreme Court upheld the High Court's decision, confirming the respondent's entitlement to exemption under section 5(1)(xxi) of the Wealth-tax Act for the assessment year 1957-58. The court emphasized interpreting the main provision and proviso harmoniously and clarified the distinction between "setting up" a unit and "commencing operations for the establishment" of a unit. The appeal was dismissed with costs. en-us Wed, 05 Oct 1966 00:00:00 +0530 Wed, 13 Aug 2014 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39915 The Supreme Court upheld the High Court's decision, confirming the respondent's entitlement to exemption under section 5(1)(xxi) of the Wealth-tax Act for the assessment year 1957-58. The court emphasized interpreting the main provision and proviso harmoniously and clarified the distinction between "setting up" a unit and "commencing operations for the establishment" of a unit. The appeal was dismissed with costs. Case-Laws Wealth-tax Wed, 05 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39915