https://www.taxtmi.com/caselaws?id=60092 The third proviso to rule 3 of Schedule III to the Wealth-tax Act applies where a house is used exclusively by the assessee for own residential purposes throughout the preceding 12 months, subject to the metropolitan city ceiling. In this context, "throughout" means uninterrupted residential use and does not require the assessee's daily physical occupation for every day of the year. Passport entries showing visits to India, with no evidence of letting or non-residential use, were sufficient to satisfy the condition. The valuation therefore had to be made under the proviso rather than on the cost basis. en-us Fri, 12 Jul 1996 00:00:00 +0530 Mon, 03 Jan 2011 16:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60092 The third proviso to rule 3 of Schedule III to the Wealth-tax Act applies where a house is used exclusively by the assessee for own residential purposes throughout the preceding 12 months, subject to the metropolitan city ceiling. In this context, "throughout" means uninterrupted residential use and does not require the assessee's daily physical occupation for every day of the year. Passport entries showing visits to India, with no evidence of letting or non-residential use, were sufficient to satisfy the condition. The valuation therefore had to be made under the proviso rather than on the cost basis. Case-Laws Wealth-tax Fri, 12 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60092