https://www.taxtmi.com/caselaws?id=66011 The tribunal upheld the orders of the AAC, ruling in favor of the assessees, and dismissed the revenue's appeals. It was determined that a godown could be considered a 'house' for the purpose of granting exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, based on the broad interpretation of the term 'house' encompassing structures beyond mere dwelling places, as established by legal precedents and the CBDT circular. en-us Thu, 06 Nov 1986 00:00:00 +0530 Sat, 19 Feb 2011 18:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66011 The tribunal upheld the orders of the AAC, ruling in favor of the assessees, and dismissed the revenue's appeals. It was determined that a godown could be considered a 'house' for the purpose of granting exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, based on the broad interpretation of the term 'house' encompassing structures beyond mere dwelling places, as established by legal precedents and the CBDT circular. Case-Laws Wealth-tax Thu, 06 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66011