https://www.taxtmi.com/caselaws?id=120092 The Tribunal dismissed all six appeals filed by the revenue, affirming the CIT(A)'s decisions. It held that the two adjacent flats used as a single residential unit by the assessee's family qualified as one house for exemption under section 5(1)(vi) of the Wealth-tax Act. Additionally, the flat at Jaipur and the flat and shop at Pearl Heights, Mumbai, were used for business purposes and thus exempt from wealth tax under section 2(ea)(1)(3) of the Wealth-tax Act. en-us Thu, 27 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 16:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120092 The Tribunal dismissed all six appeals filed by the revenue, affirming the CIT(A)'s decisions. It held that the two adjacent flats used as a single residential unit by the assessee's family qualified as one house for exemption under section 5(1)(vi) of the Wealth-tax Act. Additionally, the flat at Jaipur and the flat and shop at Pearl Heights, Mumbai, were used for business purposes and thus exempt from wealth tax under section 2(ea)(1)(3) of the Wealth-tax Act. Case-Laws Wealth-tax Thu, 27 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120092