https://www.taxtmi.com/caselaws?id=26151 The court affirmed the Tribunal's decision, ruling in favor of the assessee and against the Revenue. The assessee was deemed entitled to the exemption under section 5(1)(iv) of the Wealth-tax Act for his 1/4th share in the house property, despite it being included in his net wealth under section 4(1A). The court emphasized that the property, though thrown into the common hotchpotch of the Hindu undivided family, should be considered as belonging to the individual for the purpose of the exemption. en-us Thu, 19 Apr 1984 00:00:00 +0530 Wed, 03 Feb 2010 12:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26151 The court affirmed the Tribunal's decision, ruling in favor of the assessee and against the Revenue. The assessee was deemed entitled to the exemption under section 5(1)(iv) of the Wealth-tax Act for his 1/4th share in the house property, despite it being included in his net wealth under section 4(1A). The court emphasized that the property, though thrown into the common hotchpotch of the Hindu undivided family, should be considered as belonging to the individual for the purpose of the exemption. Case-Laws Wealth-tax Thu, 19 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26151