Home / 
Wholly owned subsidiaries qualifying as public interest companies exempt assessors from Wealth Tax. Assessor company also deemed public interest.
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....