https://www.taxtmi.com/caselaws?id=69256 The term "house" in section 5(1)(iv) of the Wealth-tax Act, 1957 was construed broadly and was not confined to a dwelling house. A permanent brick shed used as a godown was treated as a house because judicial authorities recognised that the expression can extend to a structure used for business or other non-residential purposes, and the Board's circular supported exemption without restriction as to user. On that basis, the assessee's claim for exemption from wealth-tax was accepted. en-us Sat, 30 Dec 1978 00:00:00 +0530 Wed, 06 Apr 2011 10:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69256 The term "house" in section 5(1)(iv) of the Wealth-tax Act, 1957 was construed broadly and was not confined to a dwelling house. A permanent brick shed used as a godown was treated as a house because judicial authorities recognised that the expression can extend to a structure used for business or other non-residential purposes, and the Board's circular supported exemption without restriction as to user. On that basis, the assessee's claim for exemption from wealth-tax was accepted. Case-Laws Wealth-tax Sat, 30 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69256