banner_ad

Two building in the same compound constitute a "House" - Sec 7(4) of Wealth-tax Act 1957::


Last updated: 07 September 2007

Court :
HC

Brief :
Held by the Hon"ble court that two contiguous buildings in the same compound constituted a house belonging to the assessee exclusively used by him for residential purposes hence the assessee was entitled to exemption in respect of both the buildings.

Citation :
C.W.T Vs. S.D.Jadeja

Two building in the same compound constitute a "House" - Sec 7(4) of Wealth-tax Act 1957 C.W.T Vs. S.D.Jadeja 8/10/2005 (2006) 283 ITR 45 (Gujarat) Case Fact: Whether two contiguous buildings in the same compound used for residential purposes constitute a "house" within the meaning of section 7(4) and would be entitled to exemption? Decision: Held by the Hon"ble court that two contiguous buildings in the same compound constituted a house belonging to the assessee exclusively used by him for residential purposes hence the assessee was entitled to exemption in respect of both the buildings.
 

CCI Pro

Comments




CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details