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The High Court of Allahabad ruled in favor of the assessees, who were partners in firms engaged in dyeing and printing white cotton cloth. The court held that these firms qualified as "industrial undertakings" under the Wealth-tax Act, allowing the assessees to claim exemption for the value of their interest in the assets. The court's decision was based on a previous case and the definition of "process" in Websters' International Dictionary. The assessees were awarded costs of Rs. 200 each.
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