https://www.taxtmi.com/caselaws?id=58675 The tribunal ruled in favor of the assessee, determining that the term 'house' in section 5(1)(iv) of the Wealth-tax Act should encompass the entire building with multiple residential units, rather than treating each unit separately. The tribunal emphasized the unity of structure as crucial in defining a 'house' for wealth tax exemption, citing legal precedents to support its interpretation. The original exemption granted to the assessee was upheld, rejecting the revenue's appeal and affirming that the entire building should be considered one 'house' for exemption purposes. en-us Wed, 28 Jan 1987 00:00:00 +0530 Tue, 21 Dec 2010 14:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58675 The tribunal ruled in favor of the assessee, determining that the term 'house' in section 5(1)(iv) of the Wealth-tax Act should encompass the entire building with multiple residential units, rather than treating each unit separately. The tribunal emphasized the unity of structure as crucial in defining a 'house' for wealth tax exemption, citing legal precedents to support its interpretation. The original exemption granted to the assessee was upheld, rejecting the revenue's appeal and affirming that the entire building should be considered one 'house' for exemption purposes. Case-Laws Wealth-tax Wed, 28 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58675