COMMISSIONER OF WEALTH TAX versus SMT. SHANTI DEVI
Exemption from words and phrases is the production or processing of industrial planning equipment, which means the firm's purchase of peanuts, crushing them in the oil mill and, upon receipt of the oil and oil cake, find the oil to be sold to the buyers. I have no investment through the firm No employer No employee There was a relationship between the firm and the oil mill, the buying and selling activity consisted solely of trading activity. The firm itself was not involved in the manufacture or processing of the equipment, which was partnered with AssessSys, which was not entitled to a waiver on the basis of their interest in the firm's Indian Wealth Tax assets. Act, 1957, Section 5 (1) (xxxii)
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