Simplex Infrastructures invested USD 75 million in its construction joint venture in Oman and Tata Petrodyne made an investment of USD 69 million in its wholly
owned business in the Netherlands, which is engaged in agriculture and mining.
Hemp announces the launch of Wholly
Hemp Soothing Soap, a line of moisturizing cleansers handmade with natural hemp seed oil.
No trans fatty acids," says the label of Wholly
Healthy Truly Natural All Butter Golden Pound Cake, available in natural-food stores.
Into this void enters Grigoraci, TC Memo 2002-202, in which the Service loses a dispute to disregard a wholly
owned S corporation.
If a taxpayer rents property to his or her wholly
owned corporation, IRC section 469 generally categorizes this as a passive activity.
This technology was originally developed by Delta Biotechnology, a wholly
owned subsidiary of Aventis Behring.
In Clark, 489 US 726 (1989), a shareholder sold his wholly
owned corporation to a publicly held corporation.
However, in Letter Ruling (TAM) 9403003, the IRS National Office ruled that advances made by a shareholder to his wholly
owned S corporation did not create basis.