https://www.taxtmi.com/caselaws?id=56574 The Tribunal held that the assessee is entitled to claim exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for the land/building owned by the firm in which she is a partner. Despite the lack of detailed working and necessary particulars, the Tribunal interpreted the provision broadly to allow the exemption, emphasizing that the entire clause should be considered. The Tribunal dismissed the revenue's appeal and upheld the Appellate Commissioner's decision, directing the assessee to provide the required particulars for correct assessment while allowing the claimed exemption for the relevant assessment years. en-us Fri, 12 Nov 1982 00:00:00 +0530 Sat, 04 Dec 2010 16:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56574 The Tribunal held that the assessee is entitled to claim exemption under section 5(1)(xxxii) of the Wealth-tax Act, 1957 for the land/building owned by the firm in which she is a partner. Despite the lack of detailed working and necessary particulars, the Tribunal interpreted the provision broadly to allow the exemption, emphasizing that the entire clause should be considered. The Tribunal dismissed the revenue's appeal and upheld the Appellate Commissioner's decision, directing the assessee to provide the required particulars for correct assessment while allowing the claimed exemption for the relevant assessment years. Case-Laws Wealth-tax Fri, 12 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56574