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2003 (9) TMI 68 - HC - Wealth-tax"Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee is entitled to exemption under section 5(1)(iv) of the Wealth-tax Act in respect of cinema building owned by this firm ?" - whether a cinema building can be treated to be a house for the purposes of section 5(1)(iv) - A cinema hall is not a building for human habitation or a dwelling or a home. Hence a cinema hall is not a house at all – Held that cinema building can not be treated a house for the purposes of section 5(1)(iv)
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