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Criteria for Designating Principal Officers or Key Management in Tax Matters: Evidence Over Assumptions.
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....Treatment to person as a Principal Officer of the company - Key Management Personnel - Whether the petitioner is the person connected with the management or administration of the company. Such finding has to be supported by substantial material - Merely on surmises and conjectures, no person shall be treated as a Principal Officer.....
TaxTMI
TaxTMI