https://www.taxtmi.com/caselaws?id=61743 The tribunal held that the VIII princess of Travancore was entitled to freeze the value of Sundaravilasom Palace under section 7(4) of the Wealth-tax Act, 1957, as the palace was exclusively intended for her residence, meeting the requirements of the provision. The tribunal clarified that the freezing of value should encompass both the house and the land appurtenant to it. The appeal was partially allowed, with the tribunal addressing the eligibility for deduction under the proviso to section 5(1A) but ruling against the inclusion of a debt in the net wealth. en-us Thu, 24 Nov 1983 00:00:00 +0530 Fri, 14 Jan 2011 16:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61743 The tribunal held that the VIII princess of Travancore was entitled to freeze the value of Sundaravilasom Palace under section 7(4) of the Wealth-tax Act, 1957, as the palace was exclusively intended for her residence, meeting the requirements of the provision. The tribunal clarified that the freezing of value should encompass both the house and the land appurtenant to it. The appeal was partially allowed, with the tribunal addressing the eligibility for deduction under the proviso to section 5(1A) but ruling against the inclusion of a debt in the net wealth. Case-Laws Wealth-tax Thu, 24 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61743