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2009 (2) TMI 115 - RAJASTHAN HIGH COURT-JAIPURWhether Tribunal was justified in directing the Wealth-tax Officer to grant exemption under section 5(1)(iv) of the Wealth-tax Act, 1957, to the assessee - under section 5(1) (iv) exemption is available to a house and not immovable property - hotel cannot be considered to be house so as to qualify for the exemption under section 5(1)(iv) of the Act - reference are accordingly, answered in favour of the Revenue.
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