2011-TIOL-227-HC-DEL-CUS + cus story
Vacmet Packagings (India) Pvt Ltd Vs UoI (Dated: December 15, 2010)
FTP – Eligibility criterion for Target Plus Scheme – Even if individual partners of a firm hold more than 26% voting rights in a company, the firm cannot be regarded as 'group company' as defined in Para 9.28 of FTP – To be regarded as 'group company' the partnership firm itself should hold more than 26% voting rights – No infirmity in rejection of claim of benefits under Target Plus Scheme on the ground that firm and company are not 'group companies':DELHI HIGH COURT;
Vacmet Packagings (India) Pvt Ltd Vs UoI (Dated: December 15, 2010)
FTP – Eligibility criterion for Target Plus Scheme – Even if individual partners of a firm hold more than 26% voting rights in a company, the firm cannot be regarded as 'group company' as defined in Para 9.28 of FTP – To be regarded as 'group company' the partnership firm itself should hold more than 26% voting rights – No infirmity in rejection of claim of benefits under Target Plus Scheme on the ground that firm and company are not 'group companies':DELHI HIGH COURT;
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