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1994 (12) TMI 8 - BOMBAY HIGH COURTExtract: .......y was entitled to exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, in respect of the house properties of Messrs. Mohatta Bros. Property and Co. as a co-owner. Hence, the question referred to us is answered in the affirmative and in favour of the assessee. In view of the facts and circumstances of the case, we make no order as to costs.
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