https://www.taxtmi.com/highlights?id=54192 Entitled for exemption u/s 47(v) with respect to the transfer of land - Holding company - determination of 100% subsidiary company where 25 shares held by 6 nominees - The individuals are nominees of the holding company and they have no individual right, which facts were also not disputed. Therefore, on facts, it has to be held that whole of the share capital of the subsidiary company is held by the holding company in the instant case. - HC en-us Wed, 29 Jul 2020 14:56:10 +0530 Wed, 29 Jul 2020 14:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54192 Entitled for exemption u/s 47(v) with respect to the transfer of land - Holding company - determination of 100% subsidiary company where 25 shares held by 6 nominees - The individuals are nominees of the holding company and they have no individual right, which facts were also not disputed. Therefore, on facts, it has to be held that whole of the share capital of the subsidiary company is held by the holding company in the instant case. - HC Highlights Income Tax Wed, 29 Jul 2020 14:56:10 +0530 https://www.taxtmi.com/highlights?id=54192