Inter-connected undertakings definition expanded ownership and control criteria for treating undertakings as inter-connected under excise law. The amendment replaces the Explanation to section 4(3)(b) with an expanded definition of inter-connected undertakings, specifying ownership and control tests: direct or indirect ownership or control; common partners among firms; corporate relationships by management, subsidiary status, shared management, or other control; cross-ownership or control between firms and corporates; common management among corporate partners; common ownership or control by the same person or group; and transitive connection through chains of inter-connected undertakings. Explanations detail when corporates are deemed under the same management, aggregate holdings, exclusion of financial institutions' shareholdings, and definitions of group and associated persons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inter-connected undertakings definition expanded ownership and control criteria for treating undertakings as inter-connected under excise law.
The amendment replaces the Explanation to section 4(3)(b) with an expanded definition of inter-connected undertakings, specifying ownership and control tests: direct or indirect ownership or control; common partners among firms; corporate relationships by management, subsidiary status, shared management, or other control; cross-ownership or control between firms and corporates; common management among corporate partners; common ownership or control by the same person or group; and transitive connection through chains of inter-connected undertakings. Explanations detail when corporates are deemed under the same management, aggregate holdings, exclusion of financial institutions' shareholdings, and definitions of group and associated persons.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
