https://www.taxtmi.com/caselaws?id=69026 The ITAT MADRAS-A Tribunal ruled in favor of the appellant in a case involving denial of relief under section 7(4) of the W.T. Act, 1957 by the CWT(A). The Tribunal held that the term "exclusively used" did not require physical occupation for all 365 days and that a Hindu Undivided Family (H.U.F) was eligible for relief under section 7(4). The decision favored the appellant's interpretation, allowing the benefit of section 7(4) for the appellant, a H.U.F, and rejecting the CWT(A)'s objections. en-us Tue, 13 Feb 1990 00:00:00 +0530 Mon, 04 Apr 2011 15:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69026 The ITAT MADRAS-A Tribunal ruled in favor of the appellant in a case involving denial of relief under section 7(4) of the W.T. Act, 1957 by the CWT(A). The Tribunal held that the term "exclusively used" did not require physical occupation for all 365 days and that a Hindu Undivided Family (H.U.F) was eligible for relief under section 7(4). The decision favored the appellant's interpretation, allowing the benefit of section 7(4) for the appellant, a H.U.F, and rejecting the CWT(A)'s objections. Case-Laws Wealth-tax Tue, 13 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69026