https://www.taxtmi.com/caselaws?id=61239 The Tribunal upheld the exemption for the assessee's interest in the poultry farming firm as an industrial undertaking under section 5(1)(xxxii) of the Wealth Tax Act. However, the claim for exemption under section 5(1)(x) for tools and instruments used in the poultry business was rejected, as the assessee's partnership in the firm did not qualify as independently carrying on a profession or vocation. Both the revenue's appeals and the assessee's cross-objections were dismissed by the Tribunal. en-us Fri, 15 Oct 1982 00:00:00 +0530 Tue, 11 Jan 2011 14:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61239 The Tribunal upheld the exemption for the assessee's interest in the poultry farming firm as an industrial undertaking under section 5(1)(xxxii) of the Wealth Tax Act. However, the claim for exemption under section 5(1)(x) for tools and instruments used in the poultry business was rejected, as the assessee's partnership in the firm did not qualify as independently carrying on a profession or vocation. Both the revenue's appeals and the assessee's cross-objections were dismissed by the Tribunal. Case-Laws Wealth-tax Fri, 15 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61239