COMMISSIONER OF WEALTH TAX Vs. SURENDRA NATH GUPTA

JUDGEMENT

(1.) In this WT reference following questions have been framed for our opinion :

(2.) Whether on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that the activity of the firm M/s Jai Prakash Nath & Co., in which the assessee is a partner amounted to processing of goods?

(3.) Whether on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that the firm M/s Jai Prakash Nath & Co., was an industrial undertaking within the meaning of Explanation to Section 5(1)(xxxii)?"