https://www.taxtmi.com/caselaws?id=13005 Labour quarters in an estate were held to fall within the exemption for one building or one group of buildings under section 5(1)(ivb) of the Wealth-tax Act, 1957 because they were situated on agricultural land, formed a single group of buildings, and were required for the labourers connected with cultivation and estate management. The later amendment withdrawing exemption for dwelling houses did not apply to the relevant assessment year. The value of the quarters was therefore not includible in the assessee's net wealth for that year. en-us Thu, 16 Aug 2001 00:00:00 +0530 Mon, 25 May 2009 18:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13005 Labour quarters in an estate were held to fall within the exemption for one building or one group of buildings under section 5(1)(ivb) of the Wealth-tax Act, 1957 because they were situated on agricultural land, formed a single group of buildings, and were required for the labourers connected with cultivation and estate management. The later amendment withdrawing exemption for dwelling houses did not apply to the relevant assessment year. The value of the quarters was therefore not includible in the assessee's net wealth for that year. Case-Laws Income Tax Thu, 16 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13005