https://www.taxtmi.com/caselaws?id=25924 The court determined that the interest granted to Ranganayaki Ammal was a right of residence, not a life interest. The sons, as vested remaindermen, were found to have a legal right to reside in the house during their mother's lifetime, fulfilling the conditions for exemption under section 5(1)(iv) of the Wealth-tax Act. The court concluded that the sons were entitled to the relief under the Act, ultimately ruling in favor of the assessees and awarding costs to them in both tax cases. en-us Mon, 02 Dec 1985 00:00:00 +0530 Mon, 01 Feb 2010 16:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25924 The court determined that the interest granted to Ranganayaki Ammal was a right of residence, not a life interest. The sons, as vested remaindermen, were found to have a legal right to reside in the house during their mother's lifetime, fulfilling the conditions for exemption under section 5(1)(iv) of the Wealth-tax Act. The court concluded that the sons were entitled to the relief under the Act, ultimately ruling in favor of the assessees and awarding costs to them in both tax cases. Case-Laws Wealth-tax Mon, 02 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25924