https://www.taxtmi.com/caselaws?id=169772 The court held that the gold articles, including caskets and trays, did not qualify for exemption under section 5(1)(viii) of the Wealth-tax Act as they were not considered household utensils or items intended for personal or household use. The court emphasized that the exemption applied to articles of common and ordinary personal or household use, excluding items used solely for decoration. Consequently, the assessee was not entitled to the exemption claimed, and the court ruled in favor of the Commissioner, ordering the assessee to pay costs. en-us Thu, 18 Feb 1965 00:00:00 +0530 Mon, 04 May 2015 11:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169772 The court held that the gold articles, including caskets and trays, did not qualify for exemption under section 5(1)(viii) of the Wealth-tax Act as they were not considered household utensils or items intended for personal or household use. The court emphasized that the exemption applied to articles of common and ordinary personal or household use, excluding items used solely for decoration. Consequently, the assessee was not entitled to the exemption claimed, and the court ruled in favor of the Commissioner, ordering the assessee to pay costs. Case-Laws Income Tax Thu, 18 Feb 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169772