https://www.taxtmi.com/circulars?id=10053 The phrase requiring exclusive residential use was removed effective 1-4-72; consequently the term house in the one-house exemption now includes buildings used for non-residential or commercial purposes, and the exemption applies regardless of commercial use. Officers are instructed to apply this interpretation in administering the wealth-tax one-house exemption. en-us Mon, 09 Jul 1973 00:00:00 +0530 Fri, 17 Jun 2011 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10053 The phrase requiring exclusive residential use was removed effective 1-4-72; consequently the term house in the one-house exemption now includes buildings used for non-residential or commercial purposes, and the exemption applies regardless of commercial use. Officers are instructed to apply this interpretation in administering the wealth-tax one-house exemption. Circulars Income Tax Mon, 09 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10053