https://www.taxtmi.com/caselaws?id=39830 The court affirmed that the assessee-companies qualified as companies in which the public are substantially interested under section 2(18) of the Income-tax Act, 1961. The court's analysis of legislative history, judicial precedents, and statutory provisions supported the Tribunal's decision. The judgment emphasized that the companies met the criteria despite majority shareholding by a specific entity. en-us Tue, 13 Jun 1972 00:00:00 +0530 Tue, 20 Apr 2010 15:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39830 The court affirmed that the assessee-companies qualified as companies in which the public are substantially interested under section 2(18) of the Income-tax Act, 1961. The court's analysis of legislative history, judicial precedents, and statutory provisions supported the Tribunal's decision. The judgment emphasized that the companies met the criteria despite majority shareholding by a specific entity. Case-Laws Income Tax Tue, 13 Jun 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39830