https://www.taxtmi.com/caselaws?id=36112 The High Court advised the Tribunal to assess the habitability of the incomplete house on relevant dates to determine exemption eligibility under section 5(1)(iv) of the Wealth-tax Act. The Court emphasized that an incomplete house must reach a habitable stage to qualify for exemption, ensuring a fair assessment for the assessee. Judge J. K. Mohanty concurred with the decision. en-us Mon, 20 Apr 1981 00:00:00 +0530 Fri, 19 Mar 2010 13:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36112 The High Court advised the Tribunal to assess the habitability of the incomplete house on relevant dates to determine exemption eligibility under section 5(1)(iv) of the Wealth-tax Act. The Court emphasized that an incomplete house must reach a habitable stage to qualify for exemption, ensuring a fair assessment for the assessee. Judge J. K. Mohanty concurred with the decision. Case-Laws Wealth-tax Mon, 20 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36112