2000 (11) TMI 58 - HC - Wealth-tax

Summary

The Delhi High Court ruled in favor of the assessee, a partner in a printing press partnership firm, granting exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957. The court found that the firm's printing activity constituted processing of goods, based on established legal precedents. The judgment was delivered by Arijit Pasayat C. J. and D. K. Jain.