Connected Persons
14/02/1986
Query
Would the holding of more than 30% of the shareholdings, on a temporary basis, in a new company, by promoters, disqualify them from BES relief?
Decision
No. Provided their shareholding was reduced below 30% when the BES shares are issued.
Income Tax
Section 493 (6), Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:3838/86
17/01/1996
Query
Is a daughter-in-law or son-in-law connected with her/his father-in-law
Decision
Yes
Income Tax
Section 10, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT 96 3504