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Wealth-tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Whether assessee is not assessable to Wealth Tax - When the ...


Wholly owned subsidiaries qualifying as public interest companies exempt assessors from Wealth Tax. Assessor company also deemed public interest.

November 14, 2013

Case Laws     Wealth-tax     HC

Whether assessee is not assessable to Wealth Tax - When the wholly owned subsidiary could be considered as a company in which public are substantially interested, the assessee-company ought to be treated as a company in which public are substantially interested. - HC

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