Raghuvanshi Mills Ltd. v. Commissioner Of Income-Tax, …
The decision of the Supreme Court is Raghuvanshi Mills Ltd. v. Commissioner of Income-Tax [1961] 41 I.T.R 613, [1961] 2 S.C.R 978.. The Supreme Court held that this court had erred in proceeding on the footing that the shares held by the directors could never qualify to be shares held by members of the public. Similarly, the mere relationship ...