https://www.taxtmi.com/acts?id=16005 The amendment substitutes "on the date of search" for "at any time during the previous year" in the Explanation to clause (b) of the proviso to sub-section (1) of section 245C, so that substantial interest-whether beneficial ownership of company shares carrying voting power or beneficial entitlement to business profits-is determined as of the date of search, affecting identification of applicants related to specified persons and the application of related-person eligibility and tax-disclosure thresholds for settlement applications, effective 1 July 2012. en-us Fri, 16 Mar 2012 17:01:26 +0530 Fri, 16 Mar 2012 17:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16005 The amendment substitutes "on the date of search" for "at any time during the previous year" in the Explanation to clause (b) of the proviso to sub-section (1) of section 245C, so that substantial interest-whether beneficial ownership of company shares carrying voting power or beneficial entitlement to business profits-is determined as of the date of search, affecting identification of applicants related to specified persons and the application of related-person eligibility and tax-disclosure thresholds for settlement applications, effective 1 July 2012. Act-Rules Bills Fri, 16 Mar 2012 17:01:26 +0530 https://www.taxtmi.com/acts?id=16005