https://www.taxtmi.com/caselaws?id=56279 A partner in a firm making xerox copies was treated as entitled to exemption under section 5(1)(xxxii) of the Wealth-tax Act because the firm's activity was regarded as processing of goods. The work involved use of paper, machine, ink and chemicals to produce copies from photographs or originals, and on those facts it was held to fall within processing rather than a mere ancillary activity. The Gujarat High Court view treating similar printing activity as manufacture of goods was noted as supporting authority. On that basis, the claimed wealth-tax exemption was allowed. en-us Tue, 13 Jul 1982 00:00:00 +0530 Thu, 02 Dec 2010 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56279 A partner in a firm making xerox copies was treated as entitled to exemption under section 5(1)(xxxii) of the Wealth-tax Act because the firm's activity was regarded as processing of goods. The work involved use of paper, machine, ink and chemicals to produce copies from photographs or originals, and on those facts it was held to fall within processing rather than a mere ancillary activity. The Gujarat High Court view treating similar printing activity as manufacture of goods was noted as supporting authority. On that basis, the claimed wealth-tax exemption was allowed. Case-Laws Income Tax Tue, 13 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56279