https://www.taxtmi.com/caselaws?id=55161 The Tribunal determined that the individuals were promoters of the company, making them eligible for tax relief under specified provisions of the Income-tax Act, 1961. Despite the Commissioner's assertion that the HUF was the sole promoter based on the prospectus, the Tribunal considered legal interpretations and evidence presented by the assessee, including individuals' roles in key documents and share acquisitions. Ultimately, the Tribunal overturned the Commissioner's decision, granting the individuals the claimed relief as promoters. en-us Mon, 06 Jun 1983 00:00:00 +0530 Wed, 24 Nov 2010 11:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55161 The Tribunal determined that the individuals were promoters of the company, making them eligible for tax relief under specified provisions of the Income-tax Act, 1961. Despite the Commissioner's assertion that the HUF was the sole promoter based on the prospectus, the Tribunal considered legal interpretations and evidence presented by the assessee, including individuals' roles in key documents and share acquisitions. Ultimately, the Tribunal overturned the Commissioner's decision, granting the individuals the claimed relief as promoters. Case-Laws Income Tax Mon, 06 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55161