2000 (11) TMI 58

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-Heard. On being moved by the Revenue, the Income-tax Appellate Tribunal, Delhi Bench "B" (for short "the Tribunal"), has referred the following question under section 27(1) of the Wealth-tax Act, 1957 (for short "the Act"), for the opinion of this court : "Whether ether, on the facts and in the circumstances of the case, the assessee is entitled to the exemption under section 5(1)(xxxii) of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the Gujarat High Court has held that the activity of printing balance-sheets and making forms for the purpose of preparing balance-sheet would amount to the processing of goods. Similar is the case decided by the Calcutta High Court in Addl. CIT v. A. Mukherjee and Co. (P.) Ltd. [1978] 113 ITR 718. The same principle has been applied in the other two cases relied on by learned counsel for the ass....