Subsidiaries
15/06/1988
Query
Would a situation where a subsidiary takes title to the goods manufactured by the qualifying company and then sells them on or "lease-on" to customers, be regarded as rendering of services to ensure that the subsidiary would be a qualifying one?
Decision
Yes
Income Tax
Section 507 (1), Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:2344/85