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<h1>Appeal partially allowed for shop exemption claim under Wealth-tax Act</h1> The appeal was partly allowed, with the assessee's exemption claim for a shop being granted under section 5(1)(iv) of the Wealth-tax Act, as allowed by ... Exemption The appeal involved two disputes. Firstly, the assessee claimed exemption for a shop under section 5(1)(iv) of the Wealth-tax Act, which was initially denied but later allowed by the ITAT Jaipur. Secondly, the valuation of jewellery and utensils was reduced by 10% from the estimate made by the ITO. The appeal was partly allowed.