Company in which the public are substantially interested: expanded ownership and listing criteria determine tax classification and compliance scope. The definition identifies categories of companies treated as public-interest for tax purposes: government or central bank-owned entities; registered not-for-profit companies; no-share-capital companies declared by Board order; mutual benefit finance companies; companies with cooperative-society beneficial holdings meeting a voting-power threshold; and non-private companies whose shares are listed or whose voting power is beneficially held throughout the relevant tax year by government, statutory corporations, or qualifying parent/subsidiary groups, with a reduced voting-power threshold for certain manufacturing, mining and power businesses.
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.
Company in which the public are substantially interested: expanded ownership and listing criteria determine tax classification and compliance scope.
The definition identifies categories of companies treated as public-interest for tax purposes: government or central bank-owned entities; registered not-for-profit companies; no-share-capital companies declared by Board order; mutual benefit finance companies; companies with cooperative-society beneficial holdings meeting a voting-power threshold; and non-private companies whose shares are listed or whose voting power is beneficially held throughout the relevant tax year by government, statutory corporations, or qualifying parent/subsidiary groups, with a reduced voting-power threshold for certain manufacturing, mining and power businesses.
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