https://www.taxtmi.com/caselaws?id=24338 The court ruled in favor of the respondent-assessee, allowing them to claim exemption for a residential house belonging to their minor son but included in their net wealth under the Wealth-tax Act. The court held that the property included in the net wealth of the assessee should be deemed to belong to the assessee for the purpose of claiming exemption under the relevant provision. The decision was based on precedent set by other High Courts, ultimately favoring the assessee over the Revenue in this matter. en-us Thu, 09 Feb 1989 00:00:00 +0530 Tue, 19 Jan 2010 13:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24338 The court ruled in favor of the respondent-assessee, allowing them to claim exemption for a residential house belonging to their minor son but included in their net wealth under the Wealth-tax Act. The court held that the property included in the net wealth of the assessee should be deemed to belong to the assessee for the purpose of claiming exemption under the relevant provision. The decision was based on precedent set by other High Courts, ultimately favoring the assessee over the Revenue in this matter. Case-Laws Wealth-tax Thu, 09 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24338