Wholly owned subsidiaries qualifying as public interest companies exempt assessors from Wealth Tax. Assessor company also deemed public interest. https://www.taxtmi.com/highlights?id=15774 Whether assessee is not assessable to Wealth Tax - When the wholly owned subsidiary could be considered as a company in which public are substantially interested, the assessee-company ought to be treated as a company in which public are substantially interested. - HC en-us Thu, 14 Nov 2013 22:47:58 +0530 Thu, 14 Nov 2013 22:47:58 +0530 TaxTMI RSS Generator Wholly owned subsidiaries qualifying as public interest companies exempt assessors from Wealth Tax. Assessor company also deemed public interest. https://www.taxtmi.com/highlights?id=15774 Whether assessee is not assessable to Wealth Tax - When the wholly owned subsidiary could be considered as a company in which public are substantially interested, the assessee-company ought to be treated as a company in which public are substantially interested. - HC Highlights Wealth-tax Thu, 14 Nov 2013 22:47:58 +0530 https://www.taxtmi.com/highlights?id=15774