https://www.taxtmi.com/caselaws?id=19228 The court upheld the Tribunal's decision to restore the assessment under Section 7(4) of the Wealth-tax Act, finding the house was exclusively used for residential purposes despite the assessee being a non-resident. It rejected the Revenue's argument for a stricter interpretation, emphasizing a pragmatic approach. The court required the Assessing Officer to reconsider the assessment, considering all relevant information. en-us Mon, 09 Jan 1995 00:00:00 +0530 Wed, 04 Nov 2009 17:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19228 The court upheld the Tribunal's decision to restore the assessment under Section 7(4) of the Wealth-tax Act, finding the house was exclusively used for residential purposes despite the assessee being a non-resident. It rejected the Revenue's argument for a stricter interpretation, emphasizing a pragmatic approach. The court required the Assessing Officer to reconsider the assessment, considering all relevant information. Case-Laws Wealth-tax Mon, 09 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19228