https://www.taxtmi.com/caselaws?id=18654 The High Court of GAUHATI interpreted the term "house" under section 5(1)(iv) of the Wealth-tax Act, 1957, in a case involving a property comprising a godown and a residential unit. The Court held that the godown and dwelling unit, part of the same building with a single door number, should be treated as one legal house for exemption purposes. Emphasizing a broad interpretation of "house," the Court ruled in favor of the assessee, allowing exemption for the entire unit under section 5(1)(iv) against the Revenue. en-us Mon, 03 Jan 1994 00:00:00 +0530 Sat, 31 Oct 2009 11:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18654 The High Court of GAUHATI interpreted the term "house" under section 5(1)(iv) of the Wealth-tax Act, 1957, in a case involving a property comprising a godown and a residential unit. The Court held that the godown and dwelling unit, part of the same building with a single door number, should be treated as one legal house for exemption purposes. Emphasizing a broad interpretation of "house," the Court ruled in favor of the assessee, allowing exemption for the entire unit under section 5(1)(iv) against the Revenue. Case-Laws Wealth-tax Mon, 03 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18654