https://www.taxtmi.com/caselaws?id=38037 The existing statement of case was insufficient because it did not contain the enquiry required to determine whether the Kedia family members were acting in concert in relation to the company's affairs, which was material to deciding whether the assessee-company was one in which the public were substantially interested under section 23A of the Indian Income-tax Act, 1922. The tribunal's inference had been drawn without examining relevant shareholder conduct, board resolutions, general meeting proceedings, and other material bearing on concerted action. On that incomplete record, the court could not properly answer the reference and directed submission of a further supplementary statement of the case. en-us Mon, 26 Apr 1976 00:00:00 +0530 Fri, 02 Apr 2010 16:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38037 The existing statement of case was insufficient because it did not contain the enquiry required to determine whether the Kedia family members were acting in concert in relation to the company's affairs, which was material to deciding whether the assessee-company was one in which the public were substantially interested under section 23A of the Indian Income-tax Act, 1922. The tribunal's inference had been drawn without examining relevant shareholder conduct, board resolutions, general meeting proceedings, and other material bearing on concerted action. On that incomplete record, the court could not properly answer the reference and directed submission of a further supplementary statement of the case. Case-Laws Income Tax Mon, 26 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38037