https://www.taxtmi.com/caselaws?id=18754 For exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, the expression "belonging to" was treated as extending beyond bare legal title. A flat could qualify where the assessee had paid the full consideration, taken possession, and held the beneficial interest, even though no registered conveyance had been executed. The absence of a registered document, by itself, did not defeat the exemption claim when beneficial ownership was established. On that basis, the exemption was available to the assessee. en-us Thu, 22 Jun 1995 00:00:00 +0530 Sat, 31 Oct 2009 17:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18754 For exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, the expression "belonging to" was treated as extending beyond bare legal title. A flat could qualify where the assessee had paid the full consideration, taken possession, and held the beneficial interest, even though no registered conveyance had been executed. The absence of a registered document, by itself, did not defeat the exemption claim when beneficial ownership was established. On that basis, the exemption was available to the assessee. Case-Laws Wealth-tax Thu, 22 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18754