B. P. JEEVAN REDDY, CJ. ( 1 ) UNDER Section 27 (1) of the Wealth-tax Act, 1957, the Tribunal has stated the following question to this court: "whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that Chintamani Bros. , a firm engaged in printing and sale of cotton sarees, is an industrial undertaking within the meaning of Section 5 (1) (xxxii) read with the Explanation to clause (xxxii) of Section 5 (1) of the Act and that the assessees interest therein was entitled to exemption from wealth-tax under the said provisions ?" ( 2 ) IT is brought to our notice by learned standing counsel for the Revenue that this question is concluded by a decision of this court in CWT v. Radhey Mohan Narain [1982] 135 ITR 372. It has been held therein that where the assessee was engaged in purchasing plain white cloth and converting it into printed bed-spreads, scarves, garments, etc. , by a process of dyeing and printing, the unit constitutes an "industrial undertaking" within the meaning of Section 5 (1) (xxxii) of the Wealth-tax Act. Following the said decision, the question referred is answered in the affirmative, i. e. , in favour of the assessee and against the Revenue. .