1976 (3) TMI 80 - AT - Wealth-tax

Summary

The appellate tribunal ITAT Hyderabad-A ruled in favor of the assessee, allowing exemption under s. 5(1)(iv) for a house property that was completed but not immediately occupied. The tribunal found that the house was ready for occupation on the valuation date, making the exemption claim valid. The appeal was allowed. (Case citation: 1976 (3) TMI 80 - ITAT HYDERABAD-A)