https://www.taxtmi.com/caselaws?id=36920 The High Court of Andhra Pradesh ruled in favor of the executor, affirming entitlement to exemption under section 5(1)(iv) of the Wealth-tax Act for the assessment years in question. The Court found that both the executor and beneficiaries were using the residential house for residential purposes, meeting the conditions for exemption. Emphasizing the practical and reasonable interpretation of the law, the Court held that the executor, as the assessee, fulfilled the requirements for exemption. The decision favored the executor, with no costs awarded due to the absence of appearance by the assessee. en-us Thu, 22 Mar 1979 00:00:00 +0530 Thu, 25 Mar 2010 13:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36920 The High Court of Andhra Pradesh ruled in favor of the executor, affirming entitlement to exemption under section 5(1)(iv) of the Wealth-tax Act for the assessment years in question. The Court found that both the executor and beneficiaries were using the residential house for residential purposes, meeting the conditions for exemption. Emphasizing the practical and reasonable interpretation of the law, the Court held that the executor, as the assessee, fulfilled the requirements for exemption. The decision favored the executor, with no costs awarded due to the absence of appearance by the assessee. Case-Laws Wealth-tax Thu, 22 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36920