https://www.taxtmi.com/caselaws?id=33763 The court ruled in favor of the Revenue, holding that a hotel does not qualify as a "house" for exemption under section 5(1)(iv) of the Wealth-tax Act. The court emphasized that the term "house" generally refers to a dwelling place and does not include commercial buildings like hotels. The decision was based on legal interpretations and precedents, rejecting the contention that a hotel could be considered a house for exemption purposes. en-us Thu, 05 Feb 2009 00:00:00 +0530 Tue, 09 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33763 The court ruled in favor of the Revenue, holding that a hotel does not qualify as a "house" for exemption under section 5(1)(iv) of the Wealth-tax Act. The court emphasized that the term "house" generally refers to a dwelling place and does not include commercial buildings like hotels. The decision was based on legal interpretations and precedents, rejecting the contention that a hotel could be considered a house for exemption purposes. Case-Laws Wealth-tax Thu, 05 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33763