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1969 (7) TMI 8 - HC - Income TaxWhether the assessee-company was a company in which the public are substantially interested and was consequently outside the operation of s. 23A(1) by reason of third proviso thereto - since shares carrying more than 25 % of the voting power are held by the public and its shares are also, freely transferable by the holders thereof to the other members of the public, it must be held that the assessee-company is a company in which the public are substantially interested
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