https://www.taxtmi.com/circulars?id=10172 The instruction clarifies that a company in which public are substantially interested includes a company whose equity is substantially held by another such company or its wholly owned subsidiary when applicable thresholds and conditions are met, and that, for assessing control by five or fewer persons, shareholdings of that intermediate company (or its wholly owned subsidiary) meeting those thresholds are to be excluded. en-us Fri, 05 Apr 1974 00:00:00 +0530 Sat, 11 Jun 2011 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10172 The instruction clarifies that a company in which public are substantially interested includes a company whose equity is substantially held by another such company or its wholly owned subsidiary when applicable thresholds and conditions are met, and that, for assessing control by five or fewer persons, shareholdings of that intermediate company (or its wholly owned subsidiary) meeting those thresholds are to be excluded. Circulars Income Tax Fri, 05 Apr 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10172