1982 (7) TMI 101 - AT - Income Tax

Summary

The assessee, a partner in a firm engaged in job work of making zerox copies, claimed exemption under section 5(1)(xxxii) of the WT Act. The Tribunal allowed the appeal, stating that the firm's activities amount to processing and are covered by the law, granting the exemption. (Case: CIT vs. M/s Ajay Printery Pvt. Ltd. (1965) 58 ITR 811 (Guj))