https://www.taxtmi.com/caselaws?id=21631 Exemption under section 5(1)(iv) of the Wealth-tax Act applies to one house or part of a house belonging to the assessee, and a building with multiple self-contained shop rooms may still qualify as a single house where it has contiguity, common boundaries and unity of structure. Separate municipal numbers or sub-numbers are not decisive, and commercial use does not by itself bar the exemption. On that basis, the exemption may extend to the value of the entire building rather than only one shop room. en-us Wed, 11 Sep 1991 00:00:00 +0530 Fri, 23 Mar 2018 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21631 Exemption under section 5(1)(iv) of the Wealth-tax Act applies to one house or part of a house belonging to the assessee, and a building with multiple self-contained shop rooms may still qualify as a single house where it has contiguity, common boundaries and unity of structure. Separate municipal numbers or sub-numbers are not decisive, and commercial use does not by itself bar the exemption. On that basis, the exemption may extend to the value of the entire building rather than only one shop room. Case-Laws Wealth-tax Wed, 11 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21631