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1985 (3) TMI 50 - HC - Wealth-taxExtract: .......is court held that the exemption under s. 5(1)(iv) cannot be denied to the assessee who is a partner of a firm in respect of the house which forms part of the assets of the firm. In the premises, we answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. DIPAK KUMAR SEN J.-I agree.
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