https://www.taxtmi.com/caselaws?id=67939 The ITAT partially allowed the appeals for statistical purposes, emphasizing the need for factual determination regarding the exclusive residential use of the property and the residential status of the HUF members to ascertain eligibility for freezing the property value under section 7(4) of the Wealth Tax Act. The ITAT directed the WTO to investigate these facts before making a final decision on the freezing of the property value and the exemption claim, highlighting the intricate application of statutory provisions and factual considerations in the case. en-us Tue, 19 Aug 1986 00:00:00 +0530 Tue, 15 Mar 2011 17:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67939 The ITAT partially allowed the appeals for statistical purposes, emphasizing the need for factual determination regarding the exclusive residential use of the property and the residential status of the HUF members to ascertain eligibility for freezing the property value under section 7(4) of the Wealth Tax Act. The ITAT directed the WTO to investigate these facts before making a final decision on the freezing of the property value and the exemption claim, highlighting the intricate application of statutory provisions and factual considerations in the case. Case-Laws Income Tax Tue, 19 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67939