https://www.taxtmi.com/caselaws?id=16869 The High Court upheld the Tribunal's decision, ruling that a godown qualifies as a "house" under section 5(1)(iv) of the Wealth-tax Act. The Court considered the broad interpretation of the term "house" to include commercial buildings, in line with a circular from the Central Board of Direct Taxes. Consequently, the godown owned by the assessee was deemed eligible for exemption, and the Department's appeal was dismissed. en-us Tue, 25 Feb 1997 00:00:00 +0530 Sat, 12 Sep 2009 16:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16869 The High Court upheld the Tribunal's decision, ruling that a godown qualifies as a "house" under section 5(1)(iv) of the Wealth-tax Act. The Court considered the broad interpretation of the term "house" to include commercial buildings, in line with a circular from the Central Board of Direct Taxes. Consequently, the godown owned by the assessee was deemed eligible for exemption, and the Department's appeal was dismissed. Case-Laws Income Tax Tue, 25 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16869