https://www.taxtmi.com/caselaws?id=58478 Section 5(1)(iv) of the Wealth-tax Act was held applicable to office premises used for commercial purposes, as the relevant CBDT circular clarified that the exemption was not confined to a residential house or part of a house. The Tribunal treated the circular as binding on departmental authorities, so the assessee's claim for exemption in respect of the office premises was accepted and the Revenue's objection was rejected. en-us Tue, 17 Jan 1984 00:00:00 +0530 Mon, 20 Dec 2010 11:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58478 Section 5(1)(iv) of the Wealth-tax Act was held applicable to office premises used for commercial purposes, as the relevant CBDT circular clarified that the exemption was not confined to a residential house or part of a house. The Tribunal treated the circular as binding on departmental authorities, so the assessee's claim for exemption in respect of the office premises was accepted and the Revenue's objection was rejected. Case-Laws Wealth-tax Tue, 17 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58478