https://www.taxtmi.com/caselaws?id=202762 For eligibility under the Target Plus Scheme, the defined "group company" test had to be satisfied by an enterprise that itself held the requisite voting rights or board control in the company. An individual partner could not be substituted for the enterprise, and the partnership firm could not qualify where it held no shares and only its partners held shares individually. On a plain reading of the policy definition, "enterprise" could not be stretched to include individuals. The result was that the partnership firm and its partners could not be treated as the company's group company, and the denial of Target Plus benefits was upheld. en-us Wed, 15 Dec 2010 00:00:00 +0530 Mon, 17 Oct 2016 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202762 For eligibility under the Target Plus Scheme, the defined "group company" test had to be satisfied by an enterprise that itself held the requisite voting rights or board control in the company. An individual partner could not be substituted for the enterprise, and the partnership firm could not qualify where it held no shares and only its partners held shares individually. On a plain reading of the policy definition, "enterprise" could not be stretched to include individuals. The result was that the partnership firm and its partners could not be treated as the company's group company, and the denial of Target Plus benefits was upheld. Case-Laws Customs Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202762